Wireless News
03-30-2011
NetDragon Websoft Reports Fourth Quarter 2010 Financial Results
Type: News
NetDragon Websoft, an online game developer and operator in China, announced its financial results for the fourth quarter and fiscal year ended December 31, 2010.
In a March 24 release, NetDragon Websoft reported that fourth quarter 2010 financial and operational highlights included:
- Total revenues were RMB 144.0million, an increase of 12.3 percent over third quarter 2010
- Gross profit was RMB 129.3million, an increase of 15.6 percent over third quarter 2010 and gross margin was 89.8 percent up from 87.2 percent in third quarter 2010
- Mobile Internet business income was RMB 4.2million, an increase of 340.8 percent over third quarter 2010
- Net profit was RMB 9.4million, an increase of 229.2 percent over third quarter 2010 and net profit margin was 6.5 percent, up from 2.2 percent in the third quarter 2010
- Basic earnings per share (EPS) were RMB 1.76cents, diluted EPS were RMB 1.76cents
- Average concurrent users ("ACU") for online games was 232,000, an increase of 2.7 percent over the third quarter 2010
- Peak concurrent users ("PCU") for online games was 542,000, a decrease of 8.0 percent over the third quarter 2010
Fiscal Year 2010 financial and operational highlights included:
- Total revenues were RMB 531.8million, as compared with RMB 621.8million in the year 2009
- Gross profit was RMB 465.4million, as compared with RMB 537.5million in the year 2009 and gross margin was 87.5 percent compared to 86.4 percent in 2009
- Mobile Internet business income was RMB 6.7million, as compared with zero income from this business in 2009
- Net profit was RMB 34.9million, as compared with RMB 86.6million in the year 2009 and net profit margin was 6.6 percent compared to 13.9 percent in 2009
- Basic earnings per share (EPS) were RMB 6.64cents, diluted EPS were RMB 6.64cents
NetDragon Websoft is a developer and operator of MMORPGs in China.
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