Ctrip reported 17 million U.S. dollars net profit in second quarter

The business news is provided by Star East Technology Ltd
U.S. Eastern Time at 18:00 on August 13 - Ctrip today announced the second Unaudited quarterly financial report by June 30th, 2008, the relevant details are as follows:
2008 second quarter key performance:
-- Net income up 30% to 375 million yuan (about 55 million U.S. dollars).
-- Gross margin was 79 percent, with 80 percent of the same period last year basically the same.
-- Operating profit rose 34 percent to 127 million yuan (about 19 million U.S. dollars), excluding stock-based compensation costs, non-United States generally accepted accounting principles in operating profit rose 34 percent to 159 million yuan (about 23 million Dollars).
-- Operating at the rate of 34 percent, compared with 33 percent last year; excluding stock-based compensation costs, non-United States generally accepted accounting principles operating rate was 42 percent, compared with 41 percent the same period last year.
-- Net income grew 35 percent to 119 million yuan (about 17 million U.S. dollars). Excluding stock-based compensation costs, non-United States generally accepted accounting principles net profit rose 35 percent to 151 million yuan (about 22 million U.S. dollars).
-- American depositary shares diluted profit per share for 1.72 yuan (about 0.25 U.S. dollars), excluding stock-based compensation costs, non-United States generally accepted accounting principles of American depositary shares diluted profit per share for 2.17 yuan (about 0.32 Dollars).
-- Stock-based compensation for the cost of 31 million yuan (about 5 million U.S. dollars), accounting for the entire quarter net income of about 8% of American depositary shares per share of compensation for the costs 0.45 yuan (about 0.07 U.S. dollars).
In response, Ctrip CEO FAN Min said: "Although during the second quarter of this year, the Chinese tourism industry encountered a lot of unfavorable factors due to the impact of Sichuan earthquake, we still made a strong performance, income and profits grew considerably. Our team has shown a strong ability of facing the market difficulties and we will make effort to keep our promise to customers and shareholders. "