AMSTERDAM (Reuters). Technology investor Prosus NV (OTC-) NV forecasts a substantial rise in earnings per shares for the first half (2022) of its fiscal year. Prosus reported Tuesday that the company had made $12.3 billion through the sale of a part of Tencent’s stock in April.

Amsterdam-based Prosus reported that earnings per share in the six-month period ending Sept. 30, were up between 439 and 446 percent compared to $1.85 per shares for the year preceding.

According to the company, “core headline earnings” per stock, which it does not use to measure operating performance but is a standard way to determine its results, was up by 5% to 16% from $1.34 per stock.

This improvement was due to an increase in Tencent’s dividends, where it holds a 28.9% share worth 157 billion euro ($179 billion) after having sold 2% in April.

Prosus holds stakes in many consumer internet businesses, including food delivery and educational software.

Prosus released a statement saying that these results were a reflection of a varied ecommerce portfolio that has seen significant growth in value.

We plan to expand this portfolio over the next few years.

Prosus is under the control of Naspers South Africa and is expected to report earnings Monday 22 November.

($1 = 0.8790 euros)