Swvl Holdings Swings To Profit In H1; Stock Up
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Swvl Holdings Corp. reported a return to profitability in H1, with a profit of $0.43 million compared to a loss of $5.7 million last year. Revenue rose 26% to $10.19 million, driven by an 80% increase in the Saudi Arabia region. SWVL shares were up 5.19% at $3.65 in premarket trading. Recurring revenue constituted 85% of total revenue, up from 74% a year ago.
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