China Cyts Tours Holding Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 28, 2020 at 07:14 am EDT
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China Cyts Tours Holding Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 1,201.225 million compared to CNY 2,542.757 million a year ago. Operating loss was CNY 289.003 million compared to operating Income of CNY 135.668 million a year ago. Net loss was CNY 197.770 million compared to net income of CNY 64.092 million a year ago. Basic loss per share from continuing operations was CNY 0.2732 compared to basic earnings per share from continuing operations of CNY 0.0885 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.
CHINA CYTS TOURS HOLDING CO., LTD. 
