NetEase first quarter net profit amounted $ 171 million

By | May 16, 2013

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On May 16, Netease announced the company’s unaudited financial results for the first quarter ended March 31, 2013. The results showed that the net profit of NetEase in first quarter amounted 1.063 billion yuan ($ 171 million), representing an increase of 12.8% over the same period last year (942 million yuan); for the first quarter of 2013, total revenue reached 2.258 billion yuan ($ 364 million), an increase of 12.7% compared with 2.004 billion yuan during the same period last year.

“Our self-developed games showed good growth trend which continues to promote the quarter’s results,” said Mr. Ding Lei, Netease CEO and directors, “the total revenue increased by 12.7 percent in the first quarter compared to the same period last year, all business areas showed growth, among which online games increased by 11.3%, advertising increased by 15.3%.”

Source: 腾讯科技(qq.com)

Category: IT

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