Shares in Trip.com Group, China’s largest on-line travel service, ended last week higher after company said first-quarter earnings reversed to a profit after a big Covid-19-related loss a year earlier.
Its Hong Kong-traded shares closed at HK$318.80 on Friday, compared with HK$278.60 a week earlier. That was also a big gain from the HK$268 share price from a seconding listing at the Hong Kong Stock Exchange on April 19 that raised $1.3 billion. At the Nasdaq, where it went public back in 2003 when the business was known as Ctrip, Trip.com ended the week at $39.77, up from $37.51 a week earlier.
Net income for the first
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