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China's tour operator giant CITS revenue up 66.21% in 2018

Xinhua | Updated: 2019-04-28 09:32
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A pedestrian walks past a branch of China International Travel Service (CITS) in Shanghai, September 26, 2017. [Photo/IC]

BEIJING - China International Travel Service Corp (CITS), a leading tour operator, saw its business revenue soar 66.21 percent to 47.01 billion yuan ($6.98 billion) last year.

Net profit attributable to listed shareholders reached 3.1 billion yuan in 2018, up 22.29 percent from the previous year, the company said in a statement to the Shanghai Stock Exchange.

CITS's total assets amounted to 26.85 billion yuan last year, a notable year-on-year increase of 28.26 percent.

Earnings per share stood at about 1.59 yuan, up 22.28 percent from a year earlier.

The company's sound performance came amid the country's booming tourism sector, whose revenue rose by 10.5 percent year-on-year to 5.97 trillion yuan in 2018.

In the first quarter of this year, CITS registered a 98.8-percent year-on-year growth in net profit attributable to listed shareholders.

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