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China Tourism Group revenues slip -11% in first quarter
China Tourism Group, parent company of China Duty Free Group posted a -10.96% year-on-year decline in operating income to CNY16.7 billion (US$2.3 billion) for the first quarter ended 31 March. Net profits fell -15.98% to CNY1.9 billion (US$263.3 million).
CHINA. China Tourism Group (CTG), parent company of China Duty Free Group (CDFG) posted a -10.96% year-on-year decline in operating income to CNY16.7 billion (US$2.3 billion) for the first quarter ended 31 March.
Net profits fell -15.98% to CNY1.9 billion (US$263.3 million).
Basic earnings per share from continuing operations were CNY0.9367 compared to CNY 1.1148 a year ago. Diluted earnings per share from continuing operations reached CNY0.936, down from CNY 1.1148 one-year earlier. 
