UPDATE: Serko shares climb to 6-month high as annual loss shrinks

Mon, 22 May 2017

(Updates shares, adds broker comment, fixes cash flow forecast in 9th paragraph) By Paul McBeth May 23 (BusinessDesk) - Serko shares jumped to a six-month high after the online travel booking software firm said it boosted sales and scaled back spending, allowing it to almost halve its annual loss and affirm its target of making a profit in 2018. The loss narrowed to $3.3 million, or 5 cents per share, in the 12 months ended March 31, from a loss of $6.3 million, or 10 cents, a year earlier, it said in a statement. Trading revenue rose...

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