Tongcheng Travel Holdings Limited (HK:0780) has released an update.
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Tongcheng Travel Holdings Limited has reported a robust financial performance for the second quarter of 2024, with a substantial 48.1% increase in revenue and a 10.9% rise in adjusted net profit compared to the same period in 2023. Despite the growth, the company experienced a decrease in adjusted EBITDA and net profit margins. These results reflect the company’s evolving business strategy and restructured segment reporting that aligns with its operational focus and resource allocation.
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