|
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)
|
三门峡市| 上高县| 乡宁县| 龙南县| 衡阳市| 灵宝市| 沅江市| 婺源县| 平阳县| 绥芬河市| 嵊泗县| 涡阳县| 昔阳县| 红桥区| 拜城县| 墨竹工卡县| 孟村| 福泉市| 安仁县| 象山县| 馆陶县| 柯坪县| 甘孜县| 茂名市| 五常市| 巩留县| 琼海市| 金山区| 称多县| 寿光市| 沙河市| 海口市| 常山县| 台湾省| 京山县| 孟连| 惠来县| 天镇县| 江门市| 灵石县| 鹿邑县|