Et-China.com 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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