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Tibet Tourism closes lower despite profit forecast

(Xinhua)
Updated: 2010-01-29 16:29
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Shares of Tibet Tourism Co, a leading travel service company in China's Tibet autonomous region, closed at 11.10 yuan ($1.63) per share on Friday, down 0.63 percent from the previous day, despite forecasting Friday a return to the black.

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In a statement filed to the Shanghai Stock Exchange earlier in the day, the company said 2008 net losses stood at 41.59 million yuan. Earning-per-share was minus 0.25 yuan.

Tibet Tourism's return to profit last year was attributable to the social stability within the region, and the development of the Brahmaputra Grand Canyon scenic zone, it said.
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