携程第三季度净利润缩水40%
Chinese online travel booking website Ctrip.com has seen its net profit shrink some 40-percent in the third quarter.
中国在线旅游订票网站携程旅行网第三季度净利润缩水40%。
The company says this is because of higher expenses for marketing, along with its investments in wireless services.
Net profits for Ctrip came in at around 35-million US dollars in the third quarter.
Nasdaq-listed Ctrip is predicting revenue growth of 30 percent in the fourth quarter.
But this is weaker than analysts' original expectations of 36 percent.
Ctrip has invested heavily to build and upgrade platforms for hotels and airlines, as well as expanding into the mobile sector.
The company's sales and marketing expenses for the third quarter increased nearly 70-percent to around 100-million US dollars.