China's Ctrip Q4 net revenue up 58 pct, net profit up 102 pct yr-on-yr
Ctrip.com International Ltd (NASDAQ:CTRP) , a Chinese online travel operator, said it posted unaudited fourth quarter net revenue of 356 mln yuan and net profit of 135 mln yuan, up 58 pct and 102 pct year-on-year, respectively.
In a statement, the Nasdaq-listed company said diluted earnings per ADS were 1.96 yuan in the fourth quarter. Excluding share-based compensation expenses, diluted earnings per ADS were 2.28 yuan.
For full year 2007, net revenue rose 54 pct to 1.2 bln yuan, and net income climbed 66 pct to 398 mln yuan, Ctrip said. Diluted earnings per ADS were 5.84 yuan. Excluding share-based compensation charges, diluted earnings per ADS were 7.11 yuan, compared with 4.44 yuan in 2006.
The company added that it expects net revenue to grow 35 pct in 2008.
Ctrip plans to build a second call center this year after purchasing land rights in Nantong, which is about 110 kilometers north of Shanghai.
Ctrip's shares closed down 4.76 pct yesterday at 54.65 usd.
Earlier this week, Citigroup (NYSE:C) said it has a 75 usd price target on Ctrip.
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