China Cyts Tours Holding Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2020
August 28, 2020 at 09:05 am
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China Cyts Tours Holding Co., Ltd. announced earnings results for the half year ended June 30, 2020. For the half year, the company announced sales was CNY 2,555.288 million compared to CNY 5,852.505 million a year ago. Operating loss was CNY 172.422 million compared to operating Income of CNY 745.587 million a year ago. Net loss was CNY 156.878 million compared to net income of CNY 382.184 million a year ago. Basic loss per share from continuing operations was CNY 0.2167 compared to basic earnings per share from continuing operations of CNY 0.528 a year ago.
China CYTS Tours Holding Co Ltd is a China-based company principally engaged in investment, operation and management of cultural tourism destinations and comprehensive cultural and tourism services. The Company operates five segments. Tourism Products and Services segment mainly provides travel services such as group tours and independent travel. Integrated Marketing Services segment mainly provides services such as public relations communication, sports marketing, conference management, and exhibitions. Hotel Business segment is mainly engaged in the investment and operation management of hotel chains. Scenic Spot Management and Real Estate Sales segment mainly provides scenic spot tours, rural vacation tourism services, and engages in real estate sales. Information technology (IT) Product Sales and Technical Services segment mainly sells IT infrastructure products such as media switching servers, routers, and monitoring equipment and provides welfare lottery technical services.