In $7.60 UTA - New Chinese Listing - Travel Stock
UTA 13.9m Shares O/S per Bloomberg Bloomberg-UTA
Guidance for 2009 $1.20-$1.29 EPS Read Press Release
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Universal Travel Group Celebrates First Day of Trading on NYSE Amex
About Universal Travel Group (NYSE Amex: UTA)
Universal Travel Group, a growing travel services provider in the PRC, is engaged in providing reservation, booking, and domestic and international travel and tourism services throughout the PRC via the internet and through customer representatives. Under the theme "Wings towards a more colorful life" the Company's core services include tour packaging for customers, booking services for air tickets and hotels, as well as air cargo transportation. In 2007, Universal Travel Group completed the acquisitions of Speedy Dragon, specializing in air cargo transportation; Xi'an Golden Net, specializing in travel packaged tours; Shanghai LanBao, specializing in hotel reservation; and Foshan Overseas International, a PRC-based company that handles domestic and international travel inquiries. Universal Travel Group's goal is to become the PRC's leading travel services provider in all fields of the tourism industry including the aviation, cargo, hotel booking and tour packaging segments. For more information about the Company, please visit http://us.cnutg.com .
Universal Travel Group Announces Strong First Quarter 2009 Results
Posted on: Wednesday, 6 May 2009, 15:15 CDT
First Quarter of 2009 Highlights -- Revenue reached $17.4 million, up 72.4% year-over-year -- Gross profit totaled $6.3 million, up 123.3% year-over-year -- Gross margin was 37% for the first quarter of 2009, compared to 28% in the same period in 2008 -- Income from operations was $4.4 million, up 133% year-over-over -- Operating margin was 25% in the first quarter of 2009, compared to 19% in the same period in 2008 -- Net income was $3.3 million or $0.21 per fully diluted share, up 123.3% year-over-year from $1.5 million, or $0.12 per fully diluted share, in the same quarter of 2008 --
Fiscal Year 2009 Guidance
For the full year 2009, Universal Travel Group expects sales to increase from $76.8 million in 2008 to between $88.0 - $96.0 million, net income to rise from $14.5 million in 2008 to $16.8 - $18.0 million, and earnings per diluted share to grow from $1.11 in 2008 to $1.20 - $1.29 after the recent three-for-one reverse split.
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