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FINWIRES

Grab Attributable Profit Surges in Q1

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-- Singapore-headquartered ride-hailing company Grab reported attributable profit of $136 million in the first quarter of the year from $24 million a year earlier, according to a company release on Tuesday.

Basic earnings per share were $0.03 compared with EPS of $0.01 a year ago.

Revenue climbed 24% year over year to $955 million from $773 million, backed by growth across the on-demand and financial services segments.

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