PEKING (dpa-AFX) - Ctrip.com International, Ltd. (CTRP) reported net income for the fourth quarter of RMB 252.5 million or RMB 1.67 per ADS, compared to RMB 302.3 million or RMB 1.98 per ADS for the year-ago quarter.
Excluding stock-based compensation charges, non-GAAP net income for the fourth quarter was RMB 347.2 million or RMB 2.30 per ADS, compared to RMB 362.1 million or RMB 2.37 per share in the prior year quarter.
Total revenue for the fourth quarter rose 18% to RMB 986.60 million from RMB 835.14 million a year earlier.
Hotel reservation revenues amounted to RMB400 million for the fourth quarter, representing an 11% increase year-on-year mainly driven by an increase in hotel reservation volume. Air ticket booking revenues for the fourth quarter rose 18% year-over-year to RMB378 million, mainly driven by an increase in air ticketing sales volume.
Packaged-tour revenues for the fourth quarter surged 29% from a year ago to RMB130 million due to the increase of leisure travel volume.
For the first quarter, the company expects to continue the net revenue growth year-on-year at a rate of about 15% to 20%.
Copyright RTT News/dpa-AFX