(Yicai Global) Sept. 7 -- Ctrip.Com International'ssecond-quarter net profitroseover fivefoldfrom a year earlier, yet on the basis of non-generally accepted accounting principlesnet profit at the Chinese online travel services provider only climbed25percent.

The Shanghai-based company had net profit ofCNY2.4 billion (USD360 million) on a 13 percent jump in revenue to CNY7.3 billion, its unaudited financial statement for the period shows.The companygave no reasonfortheprofitspike. Non-GAAP net income gained to CNY630 million(USD92million).

"Ctrip delivered solid results in the second quarter of 2018," Chief Executive Jane Sun said in a statement on Sept. 5. "We have achieved a healthy revenue growth rateand improved operating profit margin quarter-over-quarter thanks to the scalability of our business model."

Shares of Ctrip [NASDAQ:CTRP] rose 5.4 percent yesterday to close at USD38.98.

The company'soperating costs jumped 31percentto CNY1.47 billion in the quarter, whilethose forits marketing, research, development and administrationgrew 10 percent. Earned profitsrose just5.4 percent to CNY720 million.

"Ctrip's management believes the Non-GAAP financial measures facilitate better understanding of operating results from quarter to quarter and provide management with a better capability to plan and forecast future periods," the statement said.

"Non-GAAP measures exclude share-based compensation charges and fair value changes of equity securities investments that have been and will continue to be significant recurring expenses in Ctrip's business for the foreseeable future," it added.

Ctripprojectedanannual growth rate in net revenuesof13 percent to 18 percent in the third quarter, per thestatement.

Editor: Ben Armour