New Zealand's Serko rises on narrowing HY loss, North American expansion deal

Serko

28/10/2024 23:11

** Shares of Serko  SKO.NZ  rise as much as 4.9% to
NZ$3.010, marking their best session since Oct. 21 
    ** The online travel booking firm posts half-year net loss
after tax of NZ$5.1 mln ($3.05 mln), vs loss of NZ$7.2 mln last
year
    ** Company expects continued acceleration of Booking.com for
business revenues in the second half of the year
    ** SKO says it's to acquire Sabre Corp's  SABR.O  business
travel management solution, GetThere, in North America for $12
mln 
    ** Stock has fallen 25.7% YTD


($1 = 1.6728 New Zealand dollars)

 (Reporting by Sneha Kumar in Bengaluru)
 ((Sneha.Kumar@thomsonreuters.com;))