BEIJNG, Dec. 2 (Xinhua) -- China's online travel agency Ctrip realized a net profit of 1.6 billion yuan in the third quarter of 2020, marking the first profitable quarter since the outbreak of the pandemic, the Xinhua-run Shanghai Securities Journal reported on Wednesday.
According to the financial report released on Wednesday, the company registered a net revenue of 5.5 billion yuan in the third quarter, hiking 73 percent from the previous quarter.
The company attributed the growth of net revenue to the effective control of the COVID-19 pandemic in China and the strong recovery of inter-provincial travel activities in the country, .
During the period, its domestic business showed a strong momentum of recovery.
The company's revenue related to accommodation reservation reached 2.5 billion yuan in the quarter, up 98 percent on quarter, while its transportation ticketing revenue amounted to 1.9 billion yuan, up 66 percent on quarter.
(Edited by Yang Yifan with Xinhua Silk Road, firstname.lastname@example.org)