Serko posts maiden profit in 2018, forecasts 2019 sales growth as Europe expansion costs rise

Tue, 22 May 2018

By Sophie Boot May 23 (BusinessDesk) - Serko, the online travel booking software developer, reported a maiden annual profit ahead of an expansion into the Northern Hemisphere and a planned ASX listing next month. In the year ended March 31, operating revenue, which excludes grants, rose 28 percent from the previous year to $18.3 million, for a net profit of $1.8 million compared with a loss of $3.5 million in 2017. The company has been flagging an annual profit for the 2018 year since it posted a $6.2 million loss in 2016, and boosted...

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