Naspers CEO: “We are excited about a business like eMAG turning profitable”
Naspers Ltd. Chief Executive Officer Bob Van Dijk (photo) said five years of heavy e-commerce investments are bearing fruit, which should prove to investors that the assets are worth more than they think.
The services unit of payment business PayU is close to breaking even, and Romanian e-commerce platform eMAG is starting to benefit from a large customer base. The companies are part of Naspers’s e-commerce unit, which recorded a loss of $682 million for the 12 months that ended in March, leaving out interest, tax, depreciation and amortization.
“We are excited about a business like eMAG turning profitable,” Van Dijk said in an interview Friday. “That will be a catalyst to recognizing the value of our other assets.”
Source: Bloomberg
Anders Olofsson – former Head of Payments Finastra
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Many more interesting quotes in the video below:
