Prosus FY Numbers - Strong Balance Sheet
On Friday evening, Naspers and Prosus released their full-year numbers. These companies are mostly interchangeable - Naspers owns 3/4 of Prosus and that stake in Prosus represents 99% of Naspers value. Generally, the market doesn't pay much attention to these results because the bulk of Prosus's value comes from its stake in Tencent, which trades on the Hong Kong stock exchange. Each day, the Tencent price changes in Hong Kong, and then the Prosus and Naspers share prices move in accordance when the European and South African markets open.