NITAmakesRMB843millionrevenueintheH12016

Guangdong-based Nanhu International Travel Agency（NITA）registered 580.14% YoY growth in revenue to RMB 843 million. Net income attributable to shareholders was RMB 12.6588 million, an increase of 1060.55% over the previous year, and earnings per share was RMB 0.42, a YoY increase of 1046.90%, according to the agency’s half-year financial results published on Oct. 11.

As of June 30 this year, NITA’s total asset is valued at RMB 284 million, 120.99% higher than that on January 1; its liability/asset ratio was 77.40%, 1.9 percentage points higher than that on January 1.

NITA reported gross profit of 4.06%, down 5.4 percentage points over the same time previous year, due mainly to the low gross margin of the wholesale business which accounts for the bulk of the agency’s business. (Translated by Claire)