HK Stock Market Move | Trip.com's stock (09961) rose nearly 3% after the performance report, with net profit attributable to shareholders increasing by over 40% year-on-year in the third quarter. Various international business segments experienced rapid growth.

date
19/11/2024
avatar
GMT Eight
TRIP.COM-S (09961) rose nearly 3% after performance, reaching 2.59% at the time of publication, trading at 490.6 Hong Kong dollars with a turnover of 4162.74 million Hong Kong dollars. On the news front, TRIP.COM-S released its third-quarter performance for 2024, with the group achieving total revenue of 15.9 billion yuan (RMB), a year-on-year increase of 15.63%; net revenue of 15.873 billion yuan, a year-on-year increase of 15.52%; and net profit attributable to Ctrip Group Limited of 6.765 billion yuan, a year-on-year increase of 46.59%; with basic earnings per share of 10.37 yuan. The announcement stated that the increase in net operating income was mainly due to increasingly robust travel demand. Net operating income increased by 24% quarter-on-quarter, mainly due to seasonal factors. The international business sectors in the third quarter of 2024 showed rapid growth, with outbound hotel and air ticket bookings fully recovered to 120% of the level before the 2019 epidemic. The company's international OTA platform saw a year-on-year growth of over 60% in hotel and air ticket bookings.

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