Chinese Internet hotel, airline, and packaged tour travel service provider Ctrip.com (CTRP) reported its unaudited financial results for the quarter ended September 30, 2008.
For the third quarter of 2008, Ctrip reported total revenues of CNY397 million, representing a 15% increase from the same period in 2007 and a 1% decrease from the previous quarter. But the company's net income for the third quarter of 2008 was CNY104 million, representing a 5% decrease from the same period in 2007, and a 12% decrease from the previous quarter.
Trying to put a rosy glow on the company's results, Min Fan, CEO of Ctrip, stated: "Although the travel industry had a tough time during the third quarter of 2008 in China, Ctrip continued to outperform our peers with a healthy growth in revenue year...
This news article comes via ChinaTechNews.com , who is the copyright owner of this information and news. FintekAsia.com has licensed the rights to this article and any republication or re-distribution in whole or in part of this content is strictly prohibited without the express consent of ChinaTechNews.com
