Serko narrows first-half loss, says it won't need more capital to reach 2018 profitability target

Tue, 25 Oct 2016

By Jonathan Underhill Oct. 26 (BusinessDesk) - Serko, the online travel booking company, narrowed its first-half operating loss and said it won't need more capital to reach its target of being profitable in 2018. The first-half loss before interest, tax, depreciation, amortisation and impairments was $1.8 million, from a loss of $3.1 million a year earlier. Trading revenue rose 10 percent to $7 million. Including government grants, total income was $7.6 million. Serko's net loss was $2 million, down from a net loss of $3.4 million in 2015...

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