TravelSky Technology Limited (HKG: 696), a leading provider of information technology solutions for China’s air travel and tourism industries, reported a 13.9% increase in net profit for the first half of 2024, achieving approximately RMB1.367 billion. The company also saw a 24% year-over-year increase in transactions processed through its electronic travel distribution system.
With a focus on technology innovation and overseas market expansion, TravelSky expects to maintain a net profit growth rate that surpasses passenger volume growth for the remainder of the year.
Key Takeaways
- TravelSky’s net profit rose by 13.9% YoY to RMB1.367 billion in the first half of 2024.
- The company processed about 352 million transactions, a 24% increase from the previous year.
- Total operating revenue reached approximately RMB4.042 billion, marking a 22.2% YoY growth.
- Management is confident in maintaining rapid growth in the second half of the year despite competitive market conditions.
- Labor costs…
