BEIJING, April 9 (Xinhua) -- China's leading hotel group BTG Hotels said Sunday that its net profits climbed 110.66 percent year on year to 210.94 million yuan (30.57 million U.S. dollars) in 2016.
The Beijing-based hotel group registered 389.4 percent increase in operating revenue to 6.52 billion yuan last year.
The group's operating revenue from its hotel business totaled 6.15 billion yuan, accounting for 94.3 percent of the total, up from 73.34 percent in 2015, it said in a statement to the Shanghai Stock Exchange.
BTG Hotels attributed its substantial growth last year to the expanded operation scale resulting from a merger with Homeinns Hotel, which contributed 5.22 billion yuan in operating revenue.
The company took over its domestic rival Homeinns Hotel for 11 billion yuan and the deal was completed in April 2016. By the end of last year, the group had more than 3,400 hotels.
Share prices of BTG Hotels surged 5.07 percent to 29.2 yuan on Friday.
牛津实用英语语法:116 there is/are/was/were等
牛津实用英语语法:91 表示时间的介词:from,since,for,during
牛津实用英语语法:151 must,have to和 need用于疑问句
牛津实用英语语法:129 may和can用来表示现在或将来的许可
牛津实用英语语法:140 should的各种形式
牛津实用英语语法:119 have+宾语+过去分词
牛津实用英语语法:120 had better+不带to的不定式
牛津实用英语语法:147 need not,must not和 must
牛津实用英语语法:156 must表示推断
牛津实用英语语法:138 could+完成式