New Zealand's Serko Ltd jumps most in 3 years on smaller FY loss

Serko

17/05/2023 24:08

** Shares of Serko Ltd  SKO.NZ  climb as much as 16.1% to
NZ$2.67; biggest intraday pct gain since April 14, 2020
    * Business travel software maker posts FY net loss after tax
of NZ$30.5 mln ($19.35 mln) vs loss of NZ$36 mln year earlier
    ** FY total income more than doubles to NZ$48 mln
    ** Anticipates total income of between NZ$63 mln and NZ$70
mln for FY24 based on current trends
    ** Confirms "aspiration" of NZ$100 mln in total income in
FY25
    ** Shares touch their highest level since Feb. 20
    ** SKO stock up 2.2% YTD, as of last close 

 ($1 = 1.5763 New Zealand dollars)

 (Reporting by Echha Jain in Bengaluru)
 ((echha.jain@thomsonreuters.com))