Ctrip reports second quarter 2013 financial results

02 Aug 2013  2040 | World Travel News

SHANGHAI - Ctrip.com International, Ltd., a leading travel service provider of hotel accommodations, ticketing services, packaged tours and corporate travel management in China, today announced its unaudited financial results for the quarter ended June 30, 2013.
Highlights for the Second Quarter of 2013
Net revenues were RMB1.2 billion (US$203 million) for the second quarter of 2013, up 28% year-on-year.
Gross margin was 75% for the second quarter of 2013, remained consistent with that in the same period of 2012.
Income from operations was RMB196 million (US$32 million) for the second quarter of 2013, up 17% year-on-year. Excluding share-based compensation charges (non-GAAP), income from operations was RMB307 million (US$50 million), up 11% year-on-year.
Operating margin was 16% for the second quarter of 2013, compared to 17% in the same period of 2012. Excluding share-based compensation charges (non-GAAP), operating margin was 25%, compared to 28% in the same period of 2012.
Net income attributable to Ctrip's shareholders was RMB210 million (US$34 million) in the second quarter of 2013, up 76% year-on-year. Excluding share-based compensation charges (non-GAAP), net income attributable to Ctrip's shareholders was RMB322 million (US$52 million), up 41% year-on-year.
Diluted earnings per ADS were RMB1.47 (US$0.24) for the second quarter of 2013. Excluding share-based compensation charges (non-GAAP), diluted earnings per ADS were RMB2.23 (US$0.36) for the second quarter of 2013.
Share-based compensation charges were RMB111 million (US$18 million), accounting for 9% of the net revenues, or RMB0.76 (US$0.12) per ADS for the second quarter of 2013.
"We are pleased to report strong results in the second quarter of 2013," said James Liang, Chairman of the Board and Chief Executive Officer of Ctrip. "Mobile Internet is changing the travel industry rapidly and our mobile strategy builds upon Ctrip's one-stop travel platform that features comprehensive products, industry leading service quality, and competitive prices. Transactions from Ctrip mobile channels tripled year-over-year in the second quarter and contributed to over 20% of hotel booking and approximately 15% of air ticket booking. We are excited to embrace the changes in the travel industry in China and will endeavor to create more value for our business partners and customers in an innovative fashion.

Sourced: TravelDailyNews

 

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