Ctrip.com International Ltd, a top company providing travel service in China, stated on Aug. 15 that its second season net profit rose 33% year on year, reporting total revenues of 508 million yuan, respectively with hotel reservation revenues up to 227 million yuan. This represents a 16 percent increase year-on-year, and a 21 percent increase season to season. Air-ticketing revenues were 222 million yuan, a 32 percent year-on-year growth, and a 20 percent increase quarter to quarter; packaged-tour revenues were 36 million yuan, a 51 percent increase year-on-year, but a 5 percent decrease quarter-on-quarter.

In the second quarter of this year, net profit was 159 million yuan, with net revenues increased 27 percent to 476 million yuan. But gross margin stayed at 77 percent with a decrease of 2% quarter-on-quarter.

Chief executive officer of Ctrip, Fan Min said, they were glad with the solid profit they have achieved in this period. Although they faced challenges, they managed to consolidate their competitive strength and would continue to improve their service for customers, expand sales and marketing channels so as to extend their leadership.

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China, company, economy, profit, season, travel