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Tencent Q3 Net Profit Rises 32%

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Chinese company Tencent Holdings Ltd (OTC: TCEHY) reported a 32% rise in its third-quarter net profit.

Tencent's online game revenue jumped to CNY8.4 billion ($1.33 billion), from CNY4.1 billion, in the year-ago period.

Its quarterly net profit rose to CNY3.22 billion, from CNY2.45 billion, in the year-ago period. However, analysts were expecting a profit of CNY3.46 billion.

Tencent's revenue climbed 54% to CNY11.57 billion from CNY7.50 billion, versus analysts' estimates of CNY11.62 billion.

Tencent shares closed at $35.06 yesterday.

Posted-In: profitEarnings News

 

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