(Reuters) – India’s Paytm reported its first-ever quarterly profit since listing, helped by a one-time gain from the sale of its entertainment ticketing business to Zomato.
The company posted a consolidated net profit of 9.28 billion rupees ($110.38 million) in the latest quarter, compared with the record 8.39-billion-rupee loss in the previous quarter.
Paytm recorded a one-time gain of 13.45 billion rupees related to the ticketing business sale.
($1 = 84.0720 Indian rupees)
(Reporting by Dimpal Gulwani in Bengaluru; Editing by Janane Venkatraman)
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