|
BIZCHINA> Top Biz News
![]() |
|
CYTS profit rises slightly in 2008
By Ding Qingfen (chinadaily.com.cn)
Updated: 2009-03-20 11:49 China CYTS Tours Holding Co Ltd (CYTS), a Chinese tourism service provider, said its profit for 2008 rose by merely 0.94 percent year-on-year to 309.34 million yuan, on sales of 4.59 billion yuan, up by 1.23 percent.
The company's inbound tourism business was most severely damaged. Profit from the sector dropped by 36.1 percent from a year earlier to 17.14 million yuan, on sales of 326 million yuan, down by 24 percent. The domestic tourism sector generated sales worth 129 million yuan, down by 20.6 percent. The outbound tourism division created sales worth 329 million yuan. Given that the global economy will likely continue to struggle in the short term, the company predicted its inbound tourism business will remain sluggish in 2009. But thanks to the Chinese government's commitment to stimulate the nation's domestic demand, CYTS said the outbound and domestic tourism sectors are expected to recover and return to a stable growth track. (For more biz stories, please visit Industries)
|
吴堡县| 汨罗市| 夏邑县| 综艺| 沂水县| 宁安市| 山东| 东海县| 深水埗区| 新平| 交口县| 聊城市| 松桃| 丰原市| 湄潭县| 大同市| 鄂托克前旗| 大埔县| 乐平市| 武乡县| 西充县| 六枝特区| 通海县| 霍林郭勒市| 湘西| 清原| 米泉市| 永定县| 无锡市| 丰镇市| 临澧县| 凤城市| 太白县| 冷水江市| 顺义区| 清河县| 江孜县| 台州市| 镇沅| 确山县| 崇仁县|