LONDON, UK / ACCESSWIRE / September 20, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Ctrip.com International, Ltd (NASDAQ: CTRP), which can be viewed by registering at http://protraderdaily.com/optin/'symbol=CTRP, following the Company's reporting of its financial results for the second quarter fiscal 2017, on August 30, 2017. The Company's total revenue increased 42.3% on a y-o-y basis. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:
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For three months ended June 30, 2017, Ctrip's total revenue increased 42.3% to ¥6.46 billion from ¥4.54 billion in Q2 FY16. For the reported quarter, the Company's net revenue was $946.38 million. Net revenue surpassed analysts' expectations of $914.4 million.
During Q2 FY17, Ctrip's accommodation reservation revenue increased 29.8% to ¥2.31 billion from ¥1.78 billion in Q2 FY16 and transportation ticketing revenue increased 49.5% to ¥2.99 billion from ¥2.00 billion in Q2 FY16. For the reported quarter, the Company's packaged-tour revenue increased 29.2% to ¥612.30 million from ¥473.93 million in Q2 FY16 and corporate travel revenue increased 35.5% to ¥199.35 million from ¥147.10 million in Q2 FY16
For the reported quarter, the Company's gross profit increased 66.4% to ¥5.29 billion from ¥3.18 billion in Q2 FY16. During Q2 FY17, the Company's gross margin increased 1190 basis points to 81.9% of revenue from 70% of revenue in Q2 FY16.
For the reported quarter, Ctrip's general and administrative (G&A) expenses increased 19.2% to ¥608.20 million from ¥510.11 million in Q2 FY16. During Q2 FY17, the Company's sales and marketing (S&M) expenses increased 49.3% to ¥2.00 billion from ¥1.34 billion in Q2 FY16.
During Q2 FY17, Ctrip's total operating expenses increased 30.3% to ¥4.65 billion from ¥3.57 billion in Q2 FY16. For the reported quarter, the Company's total adjusted operating expenses increased 37.3% to ¥4.12 billion from ¥3.00 billion in Q2 FY16.
During Q2 FY17, the Company's operating income was ¥645.26 million compared to operating loss of ¥395.91 million in Q2 FY16. During Q2 FY17, the Company's adjusted operating income was ¥1.17 billion compared to ¥182.13 million in Q2 FY16. For the reported quarter, Ctrip's adjusted operating margin increased 1400 basis points to 18% of revenue from 4% of revenue in Q2 FY16.
During Q2 FY17, Ctrip's net income was ¥326.87 million compared to net loss of ¥521.25 million in Q2 FY16. For the reported quarter, the Company's adjusted net income increased 1405.1% to ¥854.73 million on a y-o-y basis from ¥56.79 million in Q2 FY16. During Q2 FY17, the Company's diluted earnings per ADS were ¥0.59 ($0.09) compared to negative ¥1.13 ($0.17) in Q2 FY16. During Q2 FY17, the Company's adjusted diluted earnings per ADS increased on a y-o-y basis to ¥1.49 ($0.22) from ¥0.15 ($0.02) in Q2 FY16. The diluted earnings per ADS surpassed analysts' expectation of $0.00.
As on June 30, 2017, Ctrip's cash and cash equivalents decreased 12.1% to ¥16.20 billion from ¥18.43 million in Q4 FY16. During Q2 FY17, the Company's net accounts receivable increased 14.1% to ¥5.27 billion from ¥4.62 billion in Q4 FY16.
During Q2 FY17, Ctrip's accounts payable decreased 3.4% to ¥7.03 billion from ¥7.28 billion in Q4 FY16.
During Q2 FY17, the Company's long-term debt increased 2.7% to ¥35.60 billion from ¥34.65 billion in Q4 FY16.
For Q3 FY17, Ctrip is forecasting net revenue growth to be in the range of 35% to 40%.
On Tuesday, September 19, 2017, the stock closed the trading session at $53.02, marginally down 0.32% from its previous closing price of $53.19. A total volume of 3.11 million shares have exchanged hands. Ctrip.com's stock price surged 5.11% in the last one month, 10.37% in the past six months, and 21.13% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have soared 32.55%. The stock is trading at a PE ratio of 166.73 and currently has a market cap of $28.07 billion.
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