Serko shares hit record as profit, positive cash flow pave way for global growth

Wed, 22 Nov 2017

By Paul McBeth Nov. 23 (BusinessDesk) - Serko shares hit a record yesterday after the online travel booking software developer reported a net profit and positive cash flow, supporting its launch into Northern Hemisphere markets. The stock climbed as high as $1.47 and ended the day at $1.44, extending this year's rally to 397 percent and making it the best performer on the S&P/NZX All Index. Auckland-based Serko reported a first-half net profit of $1.1 million on a 30 percent gain in operating revenue to $9.1 million while affirming annua...

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