U.S. shares of India's MakeMyTrip rise on higher Q4 revenue

MakeMyTrip

25/05/2022 15:41

** U.S.-listed shares of India-based online travel agency
 MMYT.O  up about 5% at $26.5 in morning trade
    ** Reports Q4 rev up 11.8% at $88.6 mln due to recovery in 
domestic travel demand 
    ** Consumer sentiment remains strong especially for leisure
travel - MMYT CEO Rajesh Magow says 
    ** MMYT posts Q4 diluted loss per share of $0.04 vs profit
of $0.03 a year ago, 
    ** Says Omicron variant had a negative impact on revenue for
all our reportable segments in the qtr 
    ** Up to Tuesday's close, stock had fallen 9.1% YTD 

 (Reporting by Aishwarya Nair in Bengaluru)
 ((Aishwarya.Nair@thomsonreuters.com; +91-8067494421;))