Rocket Internet returns to net profit of 297 million euros in H1

Rocket Internet SE in H1 2018 reported 24 million euros (28 million dollars) of consolidated revenue and a consolidated profit of 297 million euros (347 million dollars) or 1.84 euros (2.15 dollars) earnings per share compared to a loss of 0.15 dollars in H1 2017. As of August 31, 2018, Rocket Internet said that it had a strong available cash position of 2.1 billion euros (2.4 billion dollars). Today, the company also announced a new share buy-back program with a consideration of up to 150 million euros and up to 5,500,000 shares, representing 3.6 percent of the currently 154,374,884 shares outstanding.