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Article: JIN JIANG HOTELS REAPED CNY 383MN NET PROFITS IN 07
- Article from:
- AsiaInfo Services
- Article date:
- April 23, 2008
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AsiaInfo Services
04-23-2008
Jin Jiang Hotels Reaped CNY 383mn Net Profits in 07
SHANGHAI, Apr 23, 2008 (SinoCast via COMTEX) -- Jin Jiang Hotels reaped net profits of CNY 383 million in the year ended at December 31, 2007, up 14.48% compared with CNY 335 million in 2006.
By the end of the year, the group totally owned 380 hotels or economy inns including nearly 70,000 rooms across the country. Of those hotels, some have been in operations while others are still in construction.
Notably, star-level hotels are the major revenue sources for the group with 80% of the self-run star-level hotels located in Shanghai, China's economic engine.
Jin Jiang Hotels will not change ...