HomeUncategorizedProfit Beats Estimates Despite Flat Ticket Sales

Profit Beats Estimates Despite Flat Ticket Sales

UncategorizedMay 29, 2023
1 min read
[ad_1]\r\nThe decline in margin continued in the quarter due to higher contribution of catering, which is a low margin segment in comparison with internet ticketing. The cooked me
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The decline in margin continued in the quarter due to higher contribution of catering, which is a low margin segment in comparison with internet ticketing.

The cooked meal service, halted during the coronavirus pandemic, was resumed last year.

The catering segment\'s contribution to the top line increased to 41%, from 38.5% over the same period last year. Contribution of the packaged drinking water and tourism segments also rose in the overall sales.

Sales in the high margin internet ticketing segment remained flat, decreasing its contribution to revenue from operations.

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