02:46 PM EDT, 04/30/2024 (MT Newswires) -- Swvl Holdings ( SWVL ) shares surged nearly 28% in recent Tuesday trading after its fiscal 2023 swung to profit.

Earlier in the day, the company reported full-year earnings per diluted share of $0.37, compared with a loss of $14.61 in 2022.

Revenue for the year ended Dec. 31 was $22.9 million, compared with $44.1 million in 2022.

Quarterly results weren't provided. Analyst estimates weren't available on Capital IQ.

Price: 12.92, Change: +2.80, Percent Change: +27.67