Giant Profits Down 6.3% QoQ to $27.1m
Shanghai-based online game company Giant Interactive (NYSE:GA) recorded first quarter net income of RMB 185.52 million ($27.1 million), or RMB 0.79 ($0.12) per diluted share, down 20.1% year-on-year and 6.3% sequentially, the company reported May 18. Giant’s net revenues for the quarter came to RMB 304.4 million, with online game revenue accounting for 302.1 million, representing a decrease of 18.5% year-on-year but growth of 10.3% quarter-on-quarter, the report said. Giant attributed the quarterly increase to the recovery of its game ZT Online and increased contributions from its ZT Online: Green Edition.
Aggregate average concurrent users (ACU) for online games in the quarter was 588,000, up 21.2% quarter-on-quarter and 10.8% year-on-year, while aggregate peak concurrent users (PCU) increased 15.9% quarter-on-quarter and 2.5% year-on-year to 1.61 million, the report said. The company’s number of active paying accounts (APA) also increased 20.6% quarter-on-quarter and 11% year-on-year to 1.37 million, but average revenue per user (ARPU) dropped 8.5% sequentially and 26.6% annually to RMB 220, the report said.
Giant reported flat growth of net income in the final quarter of last year, at RMB 197.79 million.
If you want edit me? just go to your profile than add description text as many you like. ^_*