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Monday, May 6, 2024

Grab delivers first-ever profit

Positive adjusted earnings a major milestone for Southeast Asian super-app operator

A Grab Food rider prepares to make a delivery. (Photo: Grab)

Grab Holdings Ltd posted its first-ever profit on an adjusted basis, a milestone for the decade-old Southeast Asian ride-hailing and food delivery company trying to convince investors of its earnings potential.

The company’s shares rose 3.1% in New York trading after Grab said…

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