Asia
Trip.com's Q1 Profit Falls Despite Higher Revenue
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.
HKG:9961
