Saturday, June 8, 2024 Jayride Group Limited reports rising profits and strategic successes in its latest trading update as it enters the summer peak season. Jayride Group Limited (ASX:JAY), a leader in the global online marketplace for airport transfers, is excited to announce a business update as we approach the peak season of the Northern Hemisphere summer. Update Highlights: Business Performance Insights: Comments from Executive Chairman, Rod Cuthbert: “We are successfully demonstrating that our strategy to prioritize profitability over volume is effective.
As we progress through this quarter, the initial results from April and May underscore significant improvements in contribution profit, despite fewer passenger trips. We are confident that our ongoing strategic enhancements will position us well to take full advantage of the upcoming summer season, and we are enthusiastic about the future updates.” Travel Agents Channel Performance: Outlook and Future Directions: With ongoing improvements and strategic adjustments, Jayride is poised to continue enhancing its market position and financial performance as it leverages the seasonal peaks of travel demand.
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