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The company recorded revenues of USD29.4m for the fourth quarter 2008, an increase of 68.2% over the same period of the previous year. Net income for the quarter was USD6.3m, or USD0.15 per fully diluted share, a rise of 90.3% from USD3.3m, or USD0.09 per fully diluted share, for the fourth quarter of 2007.
For the full year 2008 Universal Travel Group reported revenues of USD76.8m, compared to USD44.3m for the previous year, an increase of 73.3%. Net income for the year was USD14.5m, or 18.9% of revenue, compared to USD8.7m, or 19.6% of revenue, for 2007.
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