Brief: Tongcheng-Elong Holdings Posts QTRLY Profit Rmb96.9 Million Vs Loss Of Rmb176.7 Mln

Tongcheng Travel Holdings

25/03/2020 13:20

March 25 (Reuters) - Tongcheng-Elong Holdings Ltd  0780.HK :
    * QTRLY PROFIT RMB96.9 MILLION VERSUS LOSS OF RMB176.7
MILLION
    * FOR Q1 OF 2020, EXPECT NET REVENUE TO DECREASE BY ABOUT
42% TO
47% YEAR OVER YEAR
    * COVID-19 PRESENTS SHORT-TERM CHALLENGES TO DEVELOPMENT OF
BUSINESS
    * EXPECT ADJUSTED PROFIT TO BE POSITIVE FOR Q1 OF 2020
    * WILL OPERATE ON COST-SAVING MODE IN FACE OF COVID-19

Source text for Eikon:  ID:nHKS3PMP6J 
Further company coverage:  0780.HK 

 ((Reuters.Briefs@thomsonreuters.com;))