SINGAPORE -- Grab Holdings on Tuesday lifted its earnings forecast for fiscal 2024, projecting its first annual profit on an adjusted basis to be larger than expected on the back of robust demand in its core ride-hailing and food delivery businesses.
The Singapore-based tech group raised its profit outlook this year to between $308 million and $313 million on an adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) basis, up from the previous $250 million and $270 million profit guidance earlier this year.
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