New Zealand's Serko sees over 1-1/2-year high on smaller HY losses

Serko

14/11/2023 23:06

** Shares of Serko  SKO.NZ  rise as much as 9% to NZ$4.920,
hitting their highest level since May 9, 2022
    ** Stock sees best day since May 18, if current gains hold
    ** Business travel software maker posts smaller HY net loss
from continued operations of NZ$7.2 mln ($4.32 mln) vs loss of
NZ$19.7 mln last year, beating Visible Alpha consensus for loss
of NZ$3 mln
    ** SKO increases FY24 forecast for total income to NZ$67 mln
to NZ$74 mln
    ** Citi notes mid-point of FY24 revenue guidance range is 1%
below its estimates but 2% ahead of Visible Alpha consensus
    ** Stock has doubled YTD, as of last close

($1 = 1.6650 New Zealand dollars)

 (Reporting by Shivangi  Lahiri in Bengaluru)
 ((Shivangi.Lahiri@thomsonreuters.com;))