Trip.com posts q1 revenue of rmb 4.7 bln

Trip.com group reports unaudited first quarter of 2020 financial results.q1 revenue rmb 4.7 billion versus refinitiv ibes estimate of rmb 4.1 billion.q1 results have been significantly and negatively impacted by covid-19.expects net revenue to decrease by about 67% to 77% year-over-year for q2 of 2020.by now, have seen stabilization or recovery of travel activities in many of markets where we operate.successfully made a us$1.0 billion drawdown in may, 2020.qtrly diluted losses per ads were rmb8.98 (us$1.27).covid-19 pandemic has negatively impacted our cash flows during q1 of 2020.trip.com group - excluding share-based compensation charges, fair value changes of equity securities investments, q1 non-gaap loss per ads rmb3.73.q1 earnings per share view cny -3.62 -- refinitiv ibes data.trip.com group - believe cash reserve, cash flow from operations, financing sources will be sufficient to meet anticipated cash needs for foreseeable future.
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