Australia's Jayride rises on record quarterly results

Jayride

07/07/2023 04:06

** Shares of Jayride Group  JAY.AX  up 9.1% at A$0.12, on
track for best day siince May 24, if gains hold
    ** JAY at its highest level since June 7
    ** Ride service aggregator says Q4 net revenue grew 42% YoY
to a record A$1.55 mln ($1.03 mln)
    ** Co says Q4 passenger trips booked grew 46% YoY to a
record 199,100 
    ** Co adds it is positioned to deliver positive cash flow
for FY24    
    ** Stock down 33.3% YTD, as of last close
 

($1 = 1.5094 Australian dollars)

 (Reporting by Ayushman Ojha in Bengaluru)
 ((Ayushman.ojha@thomsonreuters.com;))