May 17, 2017 / 9:26 AM / in 2 months

Tencent reports 58 pct jump in first-qtr profit

1 Min Read

May 17 (Reuters) - Tencent Holdings Ltd, China's top gaming and social media firm, reported a 58 percent rise in quarterly profit on Wednesday, aided by growth in online games, payment-related services and advertising.

Net profit attributable to the company for the three months ended March 31 was 14.48 billion yuan ($2.10 billion), up from 9.2 billion yuan a year earlier, the company said.

That compared with 13.2 billion yuan estimated by 8 analysts, according to a Thomson Reuters poll.

Tencent, whose shares have risen over 35 percent to a record high this year, reported a 55 percent rise in quarterly revenue to 49.55 billion yuan, compared with 32 billion yuan a year earlier. ($1 = 6.8898 Chinese yuan) (Reporting by Catherine Cadell in Beijing and Supantha Mukherjee in Bengaluru; Editing by Sunil Nair)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below