Grab posts first adjusted profit, driven by cost cuts and strong demand
The Straits Times|November 10, 2023
Grab Holdings on Thursday reported an adjusted core profit for the third quarter its first-driven by cost-reduction measures and strong demand for its food delivery and ride-share services.

Shares of the company, one of South-east Asia's largest Internet firms, were up about 6 per cent in pre-market trading after a beat on quarterly revenue and smaller full-year core loss expectations.

"We're going to continue to balance growth and profitability," Grab chief financial officer Peter Oey said in an interview. The firm is targeting to deliver free cash flow and aims to do so "towards the end of next year", he added.

هذه القصة مأخوذة من طبعة November 10, 2023 من The Straits Times.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة November 10, 2023 من The Straits Times.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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