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Serko (ASX:SKO)- CEO, Darrin Grafton
CEO, Darrin Grafton
Source: Serko
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  • Travel management and expense company Serko (SKO) enters into a trading halt as it plans an upcoming capital raise
  • Currently, it is not known how much the company is aiming to raise or where the funds will be spent
  • Company shares will be paused for 24 hours and will begin trading on Thursday, November 25
  • On the market, Serko last traded at $7.42 per share

Serko (SKO) has entered into a trading halt as it plans an upcoming capital raise.

There are currently no details regarding how much the company is aiming to raise or where the funds will be spent.

Under the halt, company shares will be paused for 24 hours and will begin trading on Thursday, November 25.

Serko is a travel management and expense company, its purpose is to transform the way businesses manage travel and expenses.

The company recently released its half year results. Total operating revenue increased 81 per cent to $9.2 million from $5.1 million, while total income increased 16 per cent to $9.9 million from $8.5 million.

Travel booking volumes rose 157 per cent to 1.3 million from 500,000, lifted by limited lockdowns across Australia and New Zealand.

Net cash burn averaged $2.9 million per month for the half year, within the $2 million to $4 million guidance range.

Serko last traded at $7.42 per share on Tuesday, November 23.

SKO by the numbers
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