German mega online food delivery firm digests higher revenue, slower growth

Frankfurt

GERMANY'S Delivery Hero, the world's largest online takeaway food delivery company, reported a 66 per cent rise in first-half revenue and sharply narrower losses, but growth slowed in the three months to June.

The company said that first-half 2017 revenue rose 66 per cent to 246.5 million euros (S$393.9 million) compared with the first half of 2016, and adjusted margin on core earnings narrowed to a loss of 18 per cent from a loss of 47 per cent in the same period a year ago.