eLong, Inc. (Nasdaq: LONG), a leading online travel service provider in China, today reported unaudited financial results for the first quarter ended March 31, 2012.
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Highlights
— Hotel room nights booked through eLong in the first quarter increased
67% to 2.8 million room nights compared to 1.7 million in the prior year
period.
— Net revenues for the first quarter increased 23% to RMB153.2 million (US$24.3 million), compared to RMB124.5 million (US$19.0 million) in the first quarter of 2011. — Net income for the first quarter increased to RMB11.9 million (US$1..9 million), compared to RMB7.7 million (US$1.2 million) in the prior year period. — Domestic hotel coverage network expanded 46% to over 28,000 domestic hotels as of March 31, 2012, and now over 30,000 domestic hotels, compared to 19,200 as of March 31, 2011. In addition, eLong offers over 150,000 international hotels through a direct connection to Expedia.. — Online hotel bookings in the first quarter were more than two-thirds of total hotel bookings, compared to less than half in the same period in 2011. — Released updated versions of eLong’s highly-ranked iPhone and Android applications in February 2012 as well as the first generation of eLong’s iPad application in April 2012 and eLong’s Windows Phone application in May 2012. — Announced plans to establish a second customer service center in Hefei, the capital of China’s Anhui province, which is expected to open in the second half of 2012
. Source
— Net revenues for the first quarter increased 23% to RMB153.2 million (US$24.3 million), compared to RMB124.5 million (US$19.0 million) in the first quarter of 2011. — Net income for the first quarter increased to RMB11.9 million (US$1..9 million), compared to RMB7.7 million (US$1.2 million) in the prior year period. — Domestic hotel coverage network expanded 46% to over 28,000 domestic hotels as of March 31, 2012, and now over 30,000 domestic hotels, compared to 19,200 as of March 31, 2011. In addition, eLong offers over 150,000 international hotels through a direct connection to Expedia.. — Online hotel bookings in the first quarter were more than two-thirds of total hotel bookings, compared to less than half in the same period in 2011. — Released updated versions of eLong’s highly-ranked iPhone and Android applications in February 2012 as well as the first generation of eLong’s iPad application in April 2012 and eLong’s Windows Phone application in May 2012. — Announced plans to establish a second customer service center in Hefei, the capital of China’s Anhui province, which is expected to open in the second half of 2012
. Source