B2B

Asiatravel.com narrows FY16 losses to $7.9 mil on higher revenue

SINGAPORE (Nov 30): Asiatravel.com says losses for FY16 narrowed to $7.9 million from $10.1 million in FY15 on the back of higher sales and other income.

Full-year revenue rose 10.7% to $97.6 million, driven by a 98.1% surge in revenue to $34.1 million from its online B2B business as TAcentre.com broke into more markets and take-up rate from travel agencies increased.

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