Turkey's Hepsiburada rises as orders hit record high
24/03/2022 12:08
** U.S.-listed shares in Turkish e-commerce platform
HEPS.O rise 11.2% to $2.18 before the bell
** HEPS says revenue grew 25.4% in the fourth quarter, as
the number of orders increased 53.4% to 17.4 million, an
all-time quarterly high urn:newsml:reuters.com:*:nPn7lZHzZa
** HEPS expects to achieve around 50% gross merchandise
volume (GMV) growth compared to 2021; GMV is a measure of
business growth
** In 2022, HEPS will continue to invest in logistics,
technology and marketing to drive growth, while also bringing
several new products and services to the market - CEO Murat
Emirdag
** HEPS currently has no plans to raise capital during the
next 18 months
** Shares up nearly 3% this year
(Reporting by Praveen Paramasivam in Bengaluru)
((Praveen.Paramasivam@thomsonreuters.com;))