Online travel agent MakeMyTrip (MMT) reported a net loss of $25.7 million for the quarter ended March 31, 2018 (Q4 FY18). The company had reported a net loss of $33 million in the same quarter last year. While the net loss has improved YoY earnings were weighed down by the increase of 70.8% in marketing and sales promotion expenses, which stood at $145.3 million, up from $85 million in the same quarter last year. The company said that the primary drivers of this increase are customer acquisition programs to accelerate the growth of its hotel booking business and increases in brand advertisement, and the consolidation of marketing and sales promotion expenses of the ibibo Group. MMT's personnel expenses decreased by 13.1% at $28.4 million in the quarter down from $32.7 million in the same quarter last year. This was "mainly…
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