Zaggle Shares Plunge 17% After Margin Decline Overshadows Strong Q4 Growth – BW Businessworld
EBITDA margin contracts by 46 basis points quarter-on-quarter to 9.4 per cent from 9.9 per cent Shares of Zaggle Prepaid Ocean Services tumbled more than 17 per cent on Thursday after investors reacted negatively to a sequential decline in margins despite the company reporting strong growth in revenue and profit for the March quarter. With Thursday's fall, the stock recorded…
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