Tourism: Ctrip earnings up

(China Daily)
Updated: 2007-02-13 10:06

Ctrip.com International Ltd, China's biggest online ticketing agent, posted a 7 percent increase in fourth-quarter profit as rising incomes fueled travel in the world's fastest-growing economy.

Net income rose to 67 million yuan from 62.6 million yuan a year earlier, the Shanghai-based company said yesterday in a statement. Sales rose 46 percent to 242 million yuan from 166 million yuan.

Ctrip has posted revenue growth of more than 40 percent every quarter since it listed on the NASDAQ in December 2003.


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