Brief: Serko Says Still Expects Avg Monthly Cash Burn Between NZ$2 Mln-NZ$4 Mln

Serko

04/08/2021 02:32

Aug 4 (Reuters) - Serko Ltd  SKO.NZ :
    * NZ DOMESTIC TRAVEL BOOKINGS REMAINED STRONG AT 166% OF
2019
VOLUMES FOR JUNE
    * CONTINUE TO TARGET AN AVERAGE MONTHLY CASH BURN OF BETWEEN
NZ$2
MILLION AND NZ$4 MILLION DESPITE PERSISTENT AUSTRALIAN
LOCK-DOWNS
    * AUSTRALIAN DOMESTIC TRAVEL BOOKINGS DROPPED TO 35% OF 2019
VOLUMES IN JULY FROM 56% OF 2019 VOLUMES IN JUNE
    * NZ DOMESTIC TRAVEL BOOKINGS AT 137% OF 2019 VOLUMES FOR
JULY
    * REMAIN OPTIMISTIC THAT AUSTRALASIAN TRAVEL BOOKINGS WILL
REVERT
TO LEVELS SEEN AT PEAK IN APRIL ONCE TRAVEL RESTRICTIONS IN
AUSTRALIA LIFT
    * MAJORITY OF REVENUE TO BE GENERATED IN FY22 FROM ZENO
POWERED
BOOKING.COM FOR BUSINESS PLATFORM WILL BE BACK-ENDED TO H2 OF FY

Further company coverage:  SKO.NZ 

 ((Reuters.Briefs@thomsonreuters.com;))