NetEase achieves record net profits, report says
Updated: 2013-05-16 16:45
(chinadaily.com.cn)
|
|||||||||||
NetEase Inc, a leading China-based Internet technology company, achieved 1.06 billion yuan ($170 million) in net profits in the first quarter, according to an un-audited financial report.
Net profits grew by a record of 12.9 percent from the same period last year. The company brought in 2.3 billion yuan in gross income, representing a 12.7 percent year-on-year increase.
NetEase's video game sector earned a record 2.03 billion yuan, growing by 11.3 percent from the first quarter last year. Advertisements accounted for 166 million yuan and e-mail services brought in 65.4 million yuan.
"Our self-developed game portfolio is doing very well," said Ding Lei, CEO of NetEase.
"It will continue to serve as a driving force for this quarter's performance."
Related Stories
NetEase launches digital music service on mobile devices 2013-04-24 13:58
NetEase to boost investment in mobile 2013-02-08 10:55
NetEase profit drops as expenses surge 2012-11-15 16:46
NetEase's profit up on online games, ads 2012-08-16 17:57
NetEase holds auto media summit 2011-10-17 16:21
NetEase launches pig breeding project 2011-03-24 17:02
Today's Top News
China cuts US bond holdings
Telecoms probe hurts Chinese, EU interests
Bomb hoax suspect caught in S China
British visa easier to woo Chinese tour groups
Taiwan-Philippines dispute grows
Solar-grade polysilicon probes almost completed
China warns EU about solar duties
China to increase input on the Arctic
Hot Topics
Lunar probe , China growth forecasts, Emission rules get tougher, China seen through 'colored lens', International board,
Editor's Picks
Sex case takes a new turn |
Micro blogs help fight graft |
Special: Have some more tea |
Quake prompts growth in NGOs |
Flash quit |
Jaywalkers tread with care |