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FINWIRES

Trip.com's Q1 Profit Falls Despite Higher Revenue

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Trip.com (HKG:9961) posted net income attributable to shareholders of 2.50 billion yuan for the first quarter, down from 4.28 billion yuan a year earlier, according to a Thursday Hong Kong bourse filing.

Earnings per share came in at 3.67 yuan, down from 6.09 yuan in the prior-year period.

Net revenue increased 17% to 16.2 billion yuan from 13.8 billion yuan a year earlier.

For the second quarter, Trip.com expects net revenue to increase 3% to 8% year over year, with margins and bottom-line results likely to come under pressure from macroeconomic headwinds.

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