Ctrip.com (CTRP) Posts Smaller Q1 Loss; Sees Revs Up 70-75% in Q2

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Go back to Ctrip.com (CTRP) Posts Smaller Q1 Loss; Sees Revs Up 70-75% in Q2

Ctrip Reports Unaudited First Quarter of 2016 Financial Results

June 15, 2016 6:00 PM EDT

SHANGHAI, June 15, 2016 /PRNewswire/ -- Ctrip.com International, Ltd. (Nasdaq: CTRP), a leading travel service provider of accommodation reservation, transportation ticketing, packaged tours and corporate travel management in China ("Ctrip" or the "Company"), today announced its unaudited financial results for the first quarter ended March 31, 2016.

Highlights for the First Quarter of 2016

Net revenues were RMB4.2 billion (US$648 million) for the first quarter of 2016, up 80% year-on-year. Accommodation reservation revenues increased 70% year-on-year, reaching RMB1.6 billion (US$250 million) for the first quarter of 2016. Transportation ticketing revenues increased 106%... More