On Febuary 12th the Chinese online travel service provider Ctrip.com (CTRP) released its un-audited financial results for the fourth quarter and full year ended December 31, 2006. The results show its net revenues were RMB 226 million (USD 29 million) for the fourth quarter of 2006, a year-on-year increase in profits of 45%.

"We are very pleased with our solid results for the fourth quarter and full year 2006. We have strengthened our brand and market position, increased new product offerings, and enhanced customer services during the year," said Min Fan, CEO of Ctrip. "Looking forward, we are prepared to further promote our businesses by excelling in service, innovation and technology. With the continued growth in the travel industry, we are confident that Ctrip will capitalize on its strength and opportunities whilst delivering substantial returns for shareholders."

For the fourth quarter of 2006, Ctrip reported total revenues of RMB242 million (USD 31 million), representing a 46% increase from the same period in 2005 and a 9% increase from the previous quarter in 2006. For the full year ended December 31, 2006 the total revenues were RMB834 million (USD 108 million), representing a 49% increase in profits from 2005.

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