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NetEase Q2 Net Profits Hiked 40%

Fri. August 15, 2008; Posted: 05:14 AM
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BEIJING, Aug 15, 2008 (SinoCast via COMTEX) -- NTES | Quote | Chart | News | PowerRating -- Beijing-based Internet firm NetEase.com Inc. (NASDAQ: NTES | Quote | Chart | News | PowerRating) says today that it gained net profits of CNY 438 million in the second quarter of 2008, surging 40% from CNY 313 million a year ago, thanks to rising online games revenue and advertising revenue.

The company reaped total revenue of CNY 715.87 million in the three months, higher than CNY 558 million in the prior-year period, including CNY 595.039 million from online game serves, CNY 103.937 million from advertising services and CNY 16.897 million from wireless value-added services and others.

Its gross profits reached CNY 722.79 million, higher than CNY 437.779 million a year ago, and the operating profits mounted from CNY 295.017 million to CNY 573.05 million. The diluted earnings per American depositary touched USD 0.49.

On June 30, 2008, NetEase had total assets of CNY 5.48 billion, rising from CNY 4.68566 billion at 2007-end.

NetEase operates an interactive online and wireless community in China and provides Chinese-language content and services through online games, Internet portal and wireless value-added services.

From www.enet.com.cn, Page 1, Thursday, August 14, 2008 info@SinoCast.Com

For full details on Netease.com Inc (NTES) click here. Netease.com Inc (NTES) has Short Term PowerRatings of 7. Details on Netease.com Inc (NTES) Short Term PowerRatings is available at This Link.

    


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