Zomato shares surge a day after booking ahead-of-schedule quarterly profit in Q1

Zomato shares surge a day after booking ahead-of-schedule quarterly profit in Q1

FILE PHOTO: The logo of Indian food delivery company Zomato is seen on its app on a mobile phone displayed in front of its company website in this illustration picture taken July 14, 2021. REUTERS/Florence Lo/Illustration

Zomato shares surged to a one-and-a-half-year high on Friday after the Indian food delivery company turned in an ahead-of-schedule quarterly profit in a sign it was on the path to sustained earnings growth.