Grab Holdings 2021 made a net profit of $83.7085 million in the first three quarters of the fiscal year.
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飞上宇宙 : latest news? next week will fly?
Andy Shen84 : lol I think not by grab itself..if you go google grab reporting..Q3 2021 net loss near to 1 billion...
Edison Ong : Where is this report from?
IAmMooMoo OP Edison Ong : report from moomoo app.
IAmMooMoo OP 飞上宇宙 : no idea.. saw this from moomoo app under news of grab..
doctorpot1 Andy Shen84 : yup most of the losses are non cash loss due to expenses for listing in stock market. https://www.straitstimes.com/business/companies-markets/grab-posts-134-billion-net-loss-for-q3-as-covid-19-curbs-hit-ride-hailing
Andy Shen84 doctorpot1 : even q1 and q2 also not yet profitable..too many competitors...still cutting throat to gain market share..doubt short term won't be so fast profitable
doctorpot1 Andy Shen84 : I don't think getting to profitability is the plan for these 2 years also. they are burning money for growth. look at the growth they have quarter over quarter.