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Priceline reports hike in profits

Priceline has reported a net second-quarter profit of $576 million and half-year profits up by one third to $907 million.


The US giant, which owns Booking.com, posted a 26% rise in revenue to $2.1 billion and a 34% increase in booking turnover up $13,5 billion.


Priceline chief executive Darren Huston said: “The group delivered market-leading growth from both a top line and profitability perspective.”


The company announced the acquisition of a stake in China’s biggest OTA Ctrip last week.

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