Cloud Computing, Internet Datacenters and Big Data Business Intelligence from China


Internet Travel Services In China Propel Ctrip.com Higher

Chinese online travel and e-commerce services firm Ctrip.com International Ltd. announced its unaudited financial results for the first quarter ended March 31, 2010, and stated it had total revenues of CNY627 million, representing a 46% increase from the same period in 2009 and a 4% increase from the previous quarter.

Net revenues were CNY587 million, up 46% year-on-year. Excluding net revenues attributable to its Taiwan business ezTravel, Ctrip’s net revenues were CNY557 million for the first quarter of 2010, up 39% year-on-year. Gross margin was 78% for the first quarter of 2010, remaining consistent with that in the same period in 2009. Income from operations was CNY196 million for the first quarter of 2010, up 45% year-on-year.

Hotel reservation revenues amounted to CNY252 million for the first quarter of 2010, representing a 36% increase year-on-year, and an 8% decrease quarter-on-quarter. Air ticket booking revenues for the first quarter of 2010 were CNY265 million, representing a 44% increase year-on-year, and a 12% increase quarter-on-quarter.

The effective tax rate for the first quarter of 2010 was 12%, decreasing from 18% in the same period of 2009 and 20% in the previous quarter, primarily due to certain tax benefit granted by the local tax bureau in the first quarter of 2010.

As of March 31, 2010, the balance of cash, restricted cash and short-term investment was CNY3.3 billion.

For the second quarter of 2010, the company expects to continue the net revenue growth year-on-year at a rate of approximately 30-35%.


Be the first to comment on "Internet Travel Services In China Propel Ctrip.com Higher"

Leave a comment

Your email address will not be published.


*




  Other China News

ChinaTechNews.com:

Nokia Phone Returns To China Via Exclusive JD.com Sales Channel

Artificial Intelligence Experts Join Sinovation Ventures

Apple's Struggles Drop Foxconn's Revenue 2.81% In 2016

Artificial Intelligence Guru Finds Search Engine Baidu


GreenChinaTech:

Chinese Electric Bus Manufacturer Lands USA Deal

American Electric Car Manufacturer To Build In China

U.S. Clean Water Company Makes Chinese Inroads

GE Will Promote Wind Power Through New Chinese Education Center


ChinaSourcingNews.com:

Hangzhou Promotes Local Products To Global Buyers

Who's Your Daddy? China's Daddybaby Protective Masks Certified by BSI

Barry Callebaut Group Brings Chocolate Academy To Shenzhen

Trina Solar Receives First IEC 62941:2019 Photovoltaic Certification