UK's Hostelworld gains on beating annual profit forecast
10/01/2024 08:25
** Shares of Hostelworld HSW.L up 4.5% at 139p; among top
pct gainers across FTSE small caps index .FTSC
** Co says FY23 adj core profit of 18.3 mln euros ($20 mln)
exceeds upper end of market forecast range of 17.5 mln euros to
18 mln euros
** Posts revenue of 93.7 mln euros, up 32% YoY
** Co says it increased operating leverage on reduced
marketing spend and cost discipline
($1 = 0.9148 euros)
(Reporting by Anchal Rana in Bengaluru)
((Anchal.Rana@thomsonreuters.com; +91 9915609050;))