Mar. 2, 2009 (Xinhua News Agency) -- Perfect World reports RMB124.8 mln net profits for Q4, 2008
BEIJING, Mar. 2 (Xinhua) é”– Perfect World Co., Ltd. (NASDAQ:PWRD) (PWRD.Nasdaq) M onday published its financial results for the fourth quarter of 2008, showing the company raked in a net profits of 124.8 million yuan, down
14.7 percent on year.
The net income resulted in a diluted earnings per ADS of 2.12 yuan,
as compared with 2.48 yuan in the same peirod of last year.
Besides, the company's operating profit reached 149.5 million yuan in the quarter, down 25.2 percent from the previous quarter but up 8.8
percent over the fourth quarter of 2007.
Excluding share-based compensation charge and a non-recurring charg e related to the InterServ acquisition in October 2008, the operating profit (non-GAAP) arrived at 244.7 million yuan, representing an incre ase of 73 percent year-on-year.
The quarterly result bring the total net income for 2008 to 646.5 m illion yuan, up 78.6 percent from fiscal year 2007.
The company's Chairman and Chief Executive Officer, Michael Chi, wa s pleased at the result, "Despite the global economic slowdown, 2008 w as a great year for us and I am very proud of our continued growth."
"We have a good record of developing and launching new games to the
market quickly,and we can maintain game players' interest in our exis ting products," added Michael, "We have a strong product pipeline for year 2009 including seven MMORPGs under development."
Source: Xinhua News Agency (March 2, 2009 - 4:20 AM EST)
