Hepsiburada slumps on larger Q2 loss
26/08/2021 19:33
** U.S. listed-shares of Turkish online retailer HEPS.O
down 24.7% at $9.05
** Co among top pct losers on the Nasdaq
** Q2 net loss widened by 309 mln lira ($36.90 mln) to 324.1
mln lira due to increased investments and ad spending
urn:newsml:reuters.com:*:nL8N2PX3F4
** Gross merchandise value - a key metric of total online
transaction size - rose 38% to 5.9 bln lira
** Rev was up 5.2% compared with same period a year earlier
urn:newsml:reuters.com:*:nPn9hGPHka
** Co reported first set of results after making its Nasdaq
debut in July urn:newsml:reuters.com:*:nL3N2OD3TF
** Shares down ~29% since co's debut
($1 = 8.3747 liras)
(Reporting by Sohini Podder in Bengaluru)
((sohini.podder@thomsonreuters.com))