Thursday, February 28, 2008 9:38:17 AM
Wed Feb 27, 2008 10:58pm EST Email | Print | Share| Reprints | Single Page| Recommend (0) [-] Text [+]
Related News
Microsoft upbeat on 2008 sales to Taiwan PC makers
21 Feb 2008
Bargains spur strong digital camera shipments
20 Feb 2008
Sony to spend $200 mln on advanced panel technology
19 Feb 2008
Sharp, Tokyo Electron to tie up on solar cells
18 Feb 2008
powered by Sphere
Market News
Jobless claims rise 19,000 in latest week
Oil near $100, off records on heavy U.S. stockpiles
Sprint CEO says turnaround to take many quarters
More Business & Investing News... Featured Broker sponsored link
¥ € $ - Learn. Practice. Trade.(Recasts, adds background, changes dateline: pvs LOS ANGELES)
BEIJING/LOS ANGELES, Feb 28 (Reuters) - China's top online travel agent, Ctrip.com International Ltd (CTRP.O: Quote, Profile, Research), said quarterly net profit doubled, beating expectations due to higher bookings and pushing its share price up in after-hours trade.
Ctrip.com, which is benefiting as a wealthier and expanding Chinese middle class spends more on travel, said it is growing faster than its competitors.
"We did increase market share in 2007," Chief Executive Min Fan told analysts on a conference call.
Events like the Beijing Olympic Games in August and the Shanghai World Expo in 2010 will give Ctrip opportunities to raise its profile, but contributions to the bottom line are difficult to forecast, executives said.
For full-year 2008, Ctrip said it expects to continue year-on-year net revenue growth of around 35 percent.
Shanghai-based Ctrip said fourth-quarter earnings doubled to $18.6 million, or 27 cents per American Depositary Share, easily beating the $14.8 million profit analysts had forecast.
Fourth-quarter net revenue rose 58 percent to $49 million, as hotel reservations, flight bookings and package tours all posted strong growth, the company said.
Ctrip had forecast year-on-year net revenue growth of about 35 percent for the fourth quarter, but the firm has a history of publishing conservative forecasts
If you want to remain slaves of the bankers and pay for the cost of your own slavery, Let them continue to create money and control the nations credit.
sir josiah stamp
FEATURED Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • Sep 24, 2024 8:50 AM
FEATURED Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • Sep 24, 2024 8:45 AM
Avant Technologies Accelerates Creation of AI-Powered Platform to Revolutionize Patient Care • AVAI • Sep 24, 2024 8:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM