New Zealand's Serko tumbles to near 7-month low on downbeat FY results, estimate miss

Serko

20/05/2025 01:30

** Shares of Serko SKO.NZ fall 3.8% to NZ$3.07, their lowest levels since October 29, 2024

** The online travel booking co posts a widened FY loss of NZ$22 million, compared with a loss of 15.9 million last year

** Co misses Visible Alpha consensus on total income by 2%, flags softer performance from underlying businesses

** Citi says underlying NPAT loss of NZ$15 million for FY came in higher than brokerage's estimates of a NZ$13 million loss

** Brokerage also adds cos' FY26 total income outlook is 10% below mid-point of VA consensus

** Stock on track for a fourth consecutive session of losses, if current trend holds

** Stock down 19.6% YTD, including current session's moves

 (Reporting by Manasi Dasa in Bengaluru)

 ((Manasi.DasaSundeep@thomsonreuters.com;))