BUZZ-Yatra Online rises after upbeat quarterly results

Reuters11-12

BUZZ-<a href="https://laohu8.com/S/YTRA">Yatra Online</a> rises after upbeat quarterly results

** Indian online travel services provider Yatra Online's YTRA.O shares up about 3% at $1.76 premarket

** Q2 sees 48.5% revenue growth YoY, driven by stronger corporate travel mix, along with growth in hotels and packages

** Quarterly profit for the period is $1.1 million vs a loss of $0.1 million in previous year

** "Despite margin pressures in B2C air ticketing, the diversified revenue mix, including Hotels & Packages and Meetings, Incentives, Conferences, and Exhibitions (‘MICE’) business, successfully mitigated challenges," says CEO Dhruv Shringi

** Up to last close, stock up ~36%, YTD

(Reporting by Koyena Das)

((Koyena.das@thomsonreuters.com))

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