Nasdaq-listed Grab’s Q4 profit falls to US$27 million, but beats analyst estimates
Full-year loss narrows to US$105 million from US$434 million
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NASDAQ-LISTED Grab on Thursday (Feb 20) posted a net profit of US$27 million for the fourth quarter ended December, down from US$35 million in the previous corresponding period.
The earnings beat estimates of a US$10.3 million profit in a poll of eight analysts by Bloomberg.
Revenue for the three months was US$764 million, up 17 per cent on the year from US$653 million, driven by growth across all segments, said Grab. It met an estimate of US$757.8 million in a 17-analyst Bloomberg poll.
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