Ctrip reports surge in Q1 net income growth

China's leading online travel agency Ctrip reported a surge in net income growth in the first quarter of this year, according to the company's unaudited financial results.

Net income attributed to Ctrip's shareholders increased to 1.1 billion yuan (about $170 million) in the first quarter of 2018 from 52 million yuan in the same period of 2017.

Net revenue increased 11 percent year-on-year to 6.7 billion yuan in the first three months. Transportation ticketing was the top revenue contributor, followed by accommodation reservation.