Serko confirms 10% gain in first-half sales, net loss narrows as costs fall

Tue, 22 Nov 2016

By Jonathan Underhill Nov. 23 (BusinessDesk) - Serko, the online travel booking company, confirmed a 10 percent gain in first-half sales and narrowed its net loss as costs fell. The loss was about $2 million in the six months ended Sept. 30 from a loss of $3.4 million a year earlier, the Auckland-based company said in a statement. Sales rose to $7 million from $6.4 million, while operating expenses fell to $9.7 million from $10.6 million. The company first flagged its results on Oct. 26, while affirming it was on track to breaking even...

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