Earnings: NetEase 4Q05 Profits Up 114 Percent

Missed this late last week. … Chinese online gaming company NetEase turned in good 4Q05 results, with a profit of 276.7 milliomn yuan ($34.3 million, up 113 percent over 4Q04 results of 130.2 million yuan ($15.7 million). The nearly doubled revenue of 487.3 million yuan ($60.4 million) included online game revenue that itself rose 96 percent and online ad revenue up 54.6 percent.
Reuters: Meanwhile, NetEase settled for a warning from the SEC over accounting practices in 2000 and 2001.

Earnings release | Webcast (archived) | Transcript

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