UTour net profit drops 13.79% in first 9 months 2017
In the first three quarters of 2017, UTour generated RMB 9.224 billion in operating income, and net profit attributable to shareholders was RMB 182 million, down 13.79% year on year.
UTour reported a 10.64% increase in total operating income to RMB 9.236 billion for the nine months of 2017. Realized revenue for the period totaled RMB 9.224 billion, and net profit attributable to shareholders of listed company was RMB 182 million yuan, down 13.79% compared to the same period last year, according to the Q3 financial results released by UTour on October 25.
In Q3 2017, UTour created operating incomes of RMB 4.178 billion, 7.5% more than the same time last year. Net profit attributable to shareholders of the listed company was RMB 86.2929 million, down by 36.24%.
UTour expected its net profit attributable to shareholders of the listed company for the full year to range from RMB 193 million to RMB 258 million, at a fluctuation rate of -10.00% to 20.00%. The net profit in attractions and tourism was anticipated to be down by an average of 14.64%.
UTour’s projection was based on the growth of its business expansion and the costs for accelerating the buying back of the restricted stock incentives of 2016 upon plans of terminating the scheme.