{"id":34754,"date":"2005-09-13T06:00:00","date_gmt":"2005-09-12T22:00:00","guid":{"rendered":"http:\/\/www.chinahospitalitynews.com\/2005\/09\/13\/cwtc-q2-revenues-increase-405-year-on-year\/"},"modified":"2005-09-13T06:00:00","modified_gmt":"2005-09-12T22:00:00","slug":"cwtc-q2-revenues-increase-405-year-on-year","status":"publish","type":"post","link":"https:\/\/www.chinahospitalitynews.com\/cn\/2005\/09\/13\/34754\/","title":{"rendered":"CWTC Q2 Revenues Increase 405% Year on Year"},"content":{"rendered":"<p><img decoding=\"async\" height=\"60\" src=\"http:\/\/www.chinahospitalitynews.com\/images\/cwtc_logo_120x60.gif\" width=\"120\" align=\"right\">China World Trade Corporation (CWTC) has announced second quarter travel-related revenue growth and net profit for the quarter ended June 30, 2005.<\/p>\n<p><!--more--><\/p>\n<p>Consolidated operating revenue for the three-month period ended June 30, 2005 was $1,697,000, compared to $336,000 for the same corresponding period in year 2004, an increase of $1,361,000 or 405.1%. The increase was mainly the result of an increase in revenues generated from the company's business segments.<\/p>\n<p>Of the $1,697,000 revenue in the three-month period ended June 30, 2005, approximately $216,000 or 12.7% was generated from providing club related services by Guangzhou World Trade Center Club and Beijing World Trade Center Club.<\/p>\n<p>$1,091,000 or 64.3% was generated from business travel services resulting from the acquisition of the New Generation Group.<\/p>\n<p>$325,000 or 19.2% from business value-added services, and the remaining $65,000 or 3.8% from other businesses.<\/p>\n<p>The acquisition of New Generation and the continuous development of China WTC's business value-added services should continue to contribute positively to the company's operating revenue.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>China World Trade Corporation (CWTC) has announced second quarter travel-related revenue growth and net profit for the quarter ended June 30, 2005.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12723],"tags":[],"class_list":["post-34754","post","type-post","status-publish","format-standard","hentry","category-english"],"_links":{"self":[{"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/posts\/34754","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/comments?post=34754"}],"version-history":[{"count":0,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/posts\/34754\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/media?parent=34754"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/categories?post=34754"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/tags?post=34754"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}