Ctrip Q2 2009 Net Profit Up 33%

Ctrip, 8/04/09

Chinese online travel firm Ctrip (Nasdaq: CTRP) has recorded its unaudited financial results for Q2 2009, with net revenues reaching RMB 476 mln, up 27% year-on-year and 19% quarter-on-quarter.

Net income for the quarter came to RMB 159 mln, up 33% YoY and 31% from the previous quarter.

Hotel reservation revenues amounted to RMB 227 mln for the quarter, up 16% YoY and 21% QoQ, primarily driven by increases in hotel room reservation volume and partially offset by a decrease in commission per room. Air-ticketing revenues were RMB 222 mln, up 32% YoY and 20% QoQ. Packaged-tour revenues were RMB 36 mln, up 51% YoY and down 5% QoQ.

The company estimates Q3 2009 revenues will increase 25% over the Q2 2009 figure.

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

Keywords: guidance CTRP hotel Internet profit Q2 2009 Ctrip online travel revenue fiscal report

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