TRAVEL booking and expense management business Serko has released its latest financial results, with the company showing strong growth for the six-month period to 30 Sep 2018 after expanding market share in Australia and New Zealand.
The company posted that its Total Operating Revenue came in at $11.4 million, a growth of 25% over the previous corresponding six months.
Booking platform transactions for the period were also up, increasing by 21% over the same time last year.
The data showed that Serko’s net profit before tax for the period was $1 million, slightly down on the previous year’s result of $1.2 million.
Serko Chairman Simon Botherway said the results were “pleasing”, adding that the company “experienced increasing transaction volumes from existing and new customers”.
Source: traveldaily