UTour Group Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 15, 2022 at 09:04 am EDT
Share
UTour Group Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 59.49 million compared to CNY 85.17 million a year ago. Revenue was CNY 59.49 million compared to CNY 95.39 million a year ago. Net loss was CNY 56.95 million compared to CNY 74.64 million a year ago. Basic loss per share from continuing operations was CNY 0.063 compared to CNY 0.082 a year ago.
UTour Group Co., Ltd., formerly Beijing UTour International Travel Service Co., Ltd., is a China-based company principally engaged in the provision of tourism products and related services. The Company is mainly engaged in the provision of outbound travel services. The Company's outbound travel products include ferry tours, customized tours, self-guided tours, semi-independent tours and overseas destination fragmentation products, among others. The Company is also involved in the provision of outbound services, such as study tour, immigration, personal currency exchange, agency shopping tax rebates, travel consumer credit and supply chain finance. The Company operates its business in domestic and overseas market.