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Ctrip.com's profit down 40% in Q3

Nov. 7, 2012 (China Knowledge) - Ctrip.com International, Ltd<CTRP>, the leading online travel company in China, reaped RMB 194 million or US$31 million in net profit attributable to shareholders in the third quarter of this year, reflecting a YoY decrease of 40%.

On a non-GAAP basis, the profit also dropped by 27% from a year earlier to RMB 302 million.

In the third quarter of this year, the firm's diluted earnings per American Depositary Share were RMB 1.41, while diluted earnings per ADS stood at RMB 2.20 on a non-GAAP basis.

Operating revenue for the reporting period increased 20% YoY to RMB 1.17 billion with gross margin of 76%.

As of September 30, 2012, the company had RMB 5.4 billion in cash and short-term investments.

Ctrip.com International also expects its operating revenue growth for the fourth quarter of 2012 would reach 15% to 20%.







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