Tencent profit up
By Ding Yining |
May 14, 2010, Friday
|
Print Edition
Print Edition
CHINA'S largest instant messaging service provider Tencent Holding said its first-quarter profit surged 72 percent from a year ago on a strong increase in sales of online games.
Net income reached 1.78 billion yuan (US$261 million), or 0.96 yuan per share, and revenue over the same period jumped 68 percent to 4.23 billion yuan.
Income from its Internet value-added services, including online games and QQ-related subscription fees, jumped 78 percent annually to 3.39 billion yuan.
Chairman Ma Huateng predicted the online advertising business will benefit from the Shanghai World Expo and World Cup.
Net income reached 1.78 billion yuan (US$261 million), or 0.96 yuan per share, and revenue over the same period jumped 68 percent to 4.23 billion yuan.
Income from its Internet value-added services, including online games and QQ-related subscription fees, jumped 78 percent annually to 3.39 billion yuan.
Chairman Ma Huateng predicted the online advertising business will benefit from the Shanghai World Expo and World Cup.
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