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 Search News  Or Int'l posts 16% profit decline for Q4

Feb. 21, 2012 (China Knowledge) - International, Ltd<CTRP>, the leading online travel company in China, reaped RMB 253 million or US$40 million in net profit attributable to shareholders in the fourth quarter of 2011, reflecting a year-on-year decrease of 16%.

On a non-GAAP basis, the profit also slid by 4% from a year earlier to RMB 347 million.

In the fourth quarter of last year, the firm's diluted earnings per American Depositary Share were RMB 1.67, while diluted earnings per ADS stood at RMB 2.30 on a non-GAAP basis.

Operating revenue for the reporting period increased 18% year on year to RMB 926 million with gross margin of 76%.

For the whole year of 2011, International saw its net profit attributable to shareholders reach RMB 1.1 billion, up 3% from a year earlier. Operating revenue for last year totaled RMB 3.5 billion, up 21% year on year.

As of Dec. 31, 2011, the company had RMB 5 billion in cash and short-term investments. International also expects its operating revenue growth for the first quarter of 2012 would reach 15% to 20%.

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