Prosus NV expects a substantial increase in profit for the year ended March 31, driven by gains in its e-commerce operations and by changes in the value of its investment in China’s Tencent. The company says core headline earnings per share from continuing operations are expected to rise by between 19% and 28%. Bloomberg reports that Prosus attributes the forecast primarily to growth in its e-commerce business and to an increase in the value of its stake in Tencent. Moneyweb similarly reports the expected range for core headline earnings per share and links the improvement to e-commerce and Tencent. The statements reflect Prosus’s view of how ongoing performance and the valuation of its holdings could affect results for the period. Both outlets describe the forecast as a company expectation rather than final audited figures.