India's MakeMyTrip slumps as quarterly loss widens over 700%

MakeMyTrip

26/06/2020 18:35

** U.S.-listed shares of India-based online travel agency
 MMYT.O  slump as much as 15% to more than a month's low of
$14.74
    ** MMYT Q4 revenue falls 13% to $104.9 mln, quarterly loss
widens over eight-fold to $338.6 mln, hurt by coronavirus-led
lockdown in India - MMYT's biggest market  urn:newsml:reuters.com:*:nNDL1l9F0C
    ** Company says it cannot predict the long-term effects of
the pandemic on its business or the travel industry, even if
economic and operating conditions for the business improve
    ** Stock has fallen 34.5% so far this year

 (Reporting by Ankit Ajmera in Bengaluru)
 ((ankit.ajmera@thomsonreuters.com))