logo
  

Netease Inc. Profit Advances In Q1

Netease Inc. (NTES) announced earnings for its first quarter that increased from the same period last year

The company's bottom line totaled RMB6.75 billion, or RMB10.37 per share. This compares with RMB4.39 billion, or RMB6.63 per share, in last year's first quarter.

Excluding items, Netease Inc. reported adjusted earnings of RMB7.57 billion or RMB11.62 per share for the period.

The company's revenue for the quarter rose 6.3% to RMB25.05 billion from RMB23.56 billion last year.

Netease Inc. earnings at a glance (GAAP) :

-Earnings (Q1): RMB6.75 Bln. vs. RMB4.39 Bln. last year.
-EPS (Q1): RMB10.37 vs. RMB6.63 last year.
-Revenue (Q1): RMB25.05 Bln vs. RMB23.56 Bln last year.

For comments and feedback contact: editorial@rttnews.com

The highlight this week was the latest set of first quarter economic growth figures from the U.S. Find out why the data damped the market sentiment. Other main releases from the U.S. included those on consumer confidence and jobless claims. In Europe, German inflation figures caught everyone's attention. Learn why it added to expectations of rate staying “higher for longer”. Asia's economics scene this week was dominated by the release of PMI survey figures from China.

View More Videos
RELATED NEWS
Follow RTT