Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Company

China's tour operator giant CITS profit up 42 pct in Jan.-Sept.

October 31, 2018


Abstract : China International Travel Service Corp. (CITS), a leading tour operator, said Tuesday that its net profit jumped nearly 42 percent in the first nine months, boosted by strong revenue growth.

CITS

BEIJING, Oct. 31 (Xinhua) -- China International Travel Service Corp. (CITS), a leading tour operator, said Tuesday that its net profit jumped nearly 42 percent in the first nine months, boosted by strong revenue growth.

The company's net profit surged 41.79 percent to 2.71 billion yuan (about 388.68 million U.S. dollars) in the first nine months, it said in a statement to the Shanghai Stock Exchange.

CITS business revenue soared 64.39 percent to 34.1 billion yuan during January-September.

Earnings per share stood at 1.39 yuan, up 41.78 percent from a year earlier.

The company's sound performance came as the country's tourism sector boomed posting a revenue increase of 15.1 percent in 2017.

Its share price climbed 3.33 percent to 49.72 yuan Tuesday.

Scan the QR code and push it to your mobile phone

Keyword: CITS

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial