Get the free version of Marbridge Daily delivered to your inbox

Click here to subscribe

Ctrip Q4 2008 Net Profit Down 10%

Ctrip, 2/09/09

Chinese online travel services provider Ctrip (Nasdaq: CTRP) has issued its earnings report for Q4 2008, with net revenues reaching RMB 396 mln (USD 58 mln), up 11% year-on-year. 2008 full-year net revenues rose to RMB 1.5 bln (USD 217 mln) an increase of 24% over the 2007 figure.

Net income for the quarter came to RMB 121 mln (USD 18 mln) down 10% YoY. Net income for fiscal year 2008 increased 11% to RMB 444 mln (USD 65 mln).

Hotel reservation revenues amounted to RMB 211 mln (USD 31 mln) for Q4 2008, representing a 7% increase YoY and a 13% increase QoQ. For the full year, hotel reservation revenues were RMB764 mln (USD 112 mln), a 13% increase from 2007. Hotel reservation revenues accounted for 48% of total revenues in 2008, compared to 53% in 2007.

Air ticket booking revenues for Q4 2008 were RMB 166 mln (USD 24 mln), up 7% YoY and stable compared to the previous quarter. For the full year, air ticket booking revenues were RMB 659 mln (USD 97 mln), a 31% increase from 2007. Air ticket booking revenues accounted for 42% of total revenues in 2008, compared to 39% in 2007.

Packaged-tour revenues for Q4 2008 were RMB 30 mln (USD 4 mln), up 38% YoY and 7% QoQ. For the full year, packaged tour revenues were RMB 109 mln (USD 16 mln), a 53% increase from 2007. Packaged tour revenues accounted for 7% of total revenues in 2008, compared to 6% in 2007.

For the first quarter of 2009, Ctrip expects year-on-year net revenue growth of approximately 5-10%.

To view Ctrip's full earnings report, please click here.

Keywords: Ctrip CTRP Internet online travel profit Q4 2008 revenue fiscal report

Feedback

Please note, all fields are required.
None of your personal information will be shared with third parties.

SendingSending

Disclaimer

The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily Premium

Interested in gaining full access to all newsletter articles and the Marbridge Daily archive? To learn more about premium subscription options, including pricing, please:

Click here

Marbridge Consulting RSS Feed

Marbridge Reports