Australia's Jayride set for best day in 3 years on strong trading update

Jayride

07/06/2024 04:54

** Shares of Jayride Group  JAY.AX  rise as much as 37.5% to
A$0.011
    ** Stock set for best day since April 7, 2021, if gains hold
    ** Stock hits its highest level since May 28
    ** JAY on track for biggest weekly gain since week-ending
March 29
    ** The online travel marketplace for airport transfers
reports net revenue per trip of A$8.94 ($5.96) in April, up 25%
from prior corresponding period (PCP)
    ** Adds, contribution profit per trip of A$4.03 in April, up
30.6% vs PCP
    ** Stock down 80% YTD, as of last close

($1 = 1.4988 Australian dollars)

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com;))