News blog International Holdings Ltd

  • BY: Andrew Hore |
  • POSTED: 28/08/2009 | International Holdings Ltd has cut its interim loss and expects an improvement in the second half.

Shares in Et-China rose 3p to 31.5p each, which values the China-focused corporate and consumer travel company at 10.4m.

Revenues increased 8% to RMB 840m (74.1m) in the six months to June 2009, while the loss was slashed from RMB 22.7m to RMB 4.9m (400,000). This was achieved even though second quarter trading was hit by sine flu concerns. Admin expenses were slightly lower. There is net cash of around RMB 83m.

Revenues grew 29% in July 2009.

Next year should be good with the Shanghai World Expo followed by the Guangzhou Asian Games in November 2010. 

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