MICT Inc falls on lower Q2 revenue

Tingo

22/08/2022 13:51

** Shares of MICT Inc  MICT.O  down ~5% at 73 cents in
premarket trading 
    ** The fintech co's Q2 revenue slips 3% to $12 mln
 urn:newsml:reuters.com:*:nL8N2ZY2SD
    ** However, net loss attributable to MICT Inc in Q2 narrows
to $14.3 mln, or 11 cents per share, from $18.4 mln, or 16
cents, a year earlier  urn:newsml:reuters.com:*:nGNX201mRh
    ** CEO Darren Mercer says company expects insurance business
to break into profit before year end
    ** Up to Friday's close, stock had fallen ~7% this year

 (Reporting by Ananya Mariam Rajesh in Bengaluru)
 ((AnanyaMariam.Rajesh@thomsonreuters.com ; Twitter: https://twitter.com/AnanyaMariam))