Berlin: Rocket Internet SE rose as much as 3.1% in Frankfurt after one of its biggest start-ups reported rising sales and narrowing losses in the first half. “The operating momentum was strong in the second quarter, with continued growth and improving margins across all regions,” Global Fashion Group said in a presentation on its website. Global Fashion Group is targeting emerging markets, combining apparel e-commerce sites in Asia, Africa, South America and Australia modelled after European incumbent Zalando. The downround contributed to a first-half loss of €617 million at Rocket Internet, it said last week. Rocket Internet rose 2% to €18.13 at 12:20pm in Frankfurt.

Source: Mint September 15, 2016 15:11 UTC