2024-10-16 10:34:59 :
International Travel Agency’s second quarter results live broadcast: International Travel Agency announced its second quarter results on October 14, 2024, with strong performance, with revenue increasing by 14.93% year-on-year and profit increasing by 31.99% year-on-year.
Compared with the previous quarter, revenue increased by 9.31%, while profits increased by a commendable 10.72%. This steady growth demonstrates the company’s effective strategy in the highly competitive travel industry.
However, selling, general and administrative expenses increased by 8.32% month-on-month and 15.38% year-on-year. The increase in expenses highlights continued investments in business operations and customer service enhancements.
Operating income also showed positive momentum, growing 8.49% month-on-month and 23.37% year-on-year, reflecting the company’s strong operational efficiency and recovery in demand in the tourism sector.
Second quarter earnings per share (EPS) was $9.29, a year-on-year increase of 31.96%, further highlighting the company’s profitability and solid financial position.
Judging from recent market performance, CITS has a return rate of 14.09% last week, a return rate of 8.16% in the past six months, and a return rate of 46.23% year-to-date, showing strong investor confidence.
Currently, the market capitalization of international travel agencies is $546.1 billion rupees, a new 52-week high $781 and low $365, reflecting its stable market position.
International travel agency finance
| period | Q2 | Q1 | month-on-month growth | Q2 | year-on-year growth |
|---|---|---|---|---|---|
| total revenue | 60.94 | 55.75 | +9.31% | 53.02 | +14.93% |
| Total Selling/General/Administrative Expenses | 12.56 | 11.59 | +8.32% | 10.88 | +15.38% |
| Depreciation/Amortization | 1.77 | 1.87 | -5.05% | 1.85 | -4.3% |
| total operating expenses | 52.6 | 48.06 | +9.44% | 46.26 | +13.69% |
| operating income | 8.34 | 7.69 | +8.49% | 6.76 | +23.37% |
| net income before tax | 9.92 | 9.03 | +9.83% | 7.59 | +30.78% |
| net income | 7.43 | 6.71 | +10.72% | 5.63 | +31.99% |
| Diluted normalized earnings per share | 9.29 | 8.39 | +10.73% | 7.04 | +31.96% |
Follow us On Social Media   Twitter/X
