Substantial increase in trading over ‘Chinese New Year’ but it’s profitability & cash that wor
There was a ‘substantial increase in sales during the period’ and thankfully the Chinese travel market has improved. GZL, the tour operating business, produced a particularly good performance with revenue of RMB166.4m during the 7 day golden week, a 49% increase over the comparable holiday period of 2008 and equal to nearly 10% of GZL’s total revenue for the whole of the last year.
The ETC trading subsidiary which focuses on the frequent independent…
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