ELONG Q1 NET PROFIT VALUED USD 1.2 MN

AsiaInfo Services
05-17-2011
Elong Q1 Net Profit Valued USD 1.2 Mn

BEIJING, May 17, 2011 (SinoCast Daily Business Beat via COMTEX) -- Elong.com (Nasdaq: LONG) released its un-audited 2011 first-quarter financial report on May 17 (Beijing Time), showing that its gross operating revenue was CNY 133.2 million, 24% higher than the CNY 107.5 million in the same quarter a year earlier; net operation revenue CNY 124.5 million (about USD 19 million), growing 23% from the corresponding period in 2010; and net profit CNY 7.70 million (approximately USD 1.20 million), 30% higher year on year.

In the first quarter, commission from hotel booking was CNY 90.60 million, growing 31% from year over year and weighing 68% of gross operating revenue.

Its commission from air ticket booking was CNY 30.20 million, up 2% versus CNY 29.40 million than in the first quarter of the previous year and accounting for 23% of gross operating revenue.

Source: www.sina.com.cn (May 17, 2011)

KEYWORD: BEIJING INDUSTRY KEYWORD: Internet & Online Services & Media SUBJECT CODE: Internet & Online Services
E-commerce
SinoCast China Business Daily news
Gross operating revenue
net operation revenue
commission
profitability

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