Serko says full-year revenue to miss forecast, warns on 2016 sales

Sun, 08 Mar 2015

By Paul McBeth March 9 (BusinessDesk) - Serko, the online online travel booking business, warned annual revenue will miss its prospectus forecast by up to 6 percent as some billable services were pushed into the 2016 financial year. It cut its expectations for sales in 2016 due to the strength of the New Zealand dollar and delays to its mobile product. The Auckland-based company said sales in the year ending March 31 will be between 4 percent and 6 percent below the $11 million forecast in its May 2014 prospectus due to delays in the timi...

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