Travel
MakeMyTrip Slips Into Red, Posts $5.7 Mn Loss In Q2
[ad_1]
SUMMARY
The Nasdaq-listed company reported a loss of $5.7 Mn during the quarter under review as against a net profit of $17.9 Mn reported in the year-ago quarter
Operating revenue grew 9% to $229.3 Mn in Q2 from $211 Mn in the year-ago quarter
MakeMyTrip’s net finance cost in the quarter zoomed to $35.9 Mn during the quarter under review as against $500K in the year-ago quarter due to an increase of $24.3 Mn in interest expense on financial liabilities and $11.2 Mn in foreign exchange losses
Online travel aggregator (OTA)…
[ad_2]
Source link
Continue Reading