NetDragon Q3 Profits Rise as User Stats Fall
Online game company NetDragon (0777.HK) saw revenue climb 10.4% year-on-year but sink 7.4% quarter-on-quarter to RMB 150.9 million in the third quarter of 2009, NetDragon said November 25.
Third quarter profit was RMB 19 million, up 62.7% year-on-year and 7.9% quarter-on-quarter, with diluted earnings per share of RMB 3.67 in the period.
The company recorded 519,000 peak concurrent users (PCU) in the third quarter, down from 632,000 in the previous quarter and 544,000 one year ago. Average concurrent users came out to 273,000 in the quarter, down from 310,000 in the second quarter of 2009 and 311,000 in the third quarter of 2008.
NetDragon plans to launch 2.5D Chinese fantasy MMORPG Tian Yuan, 2.5D Q-style turn-based MMORPG Disney Fantasy Online, and the English version of Eudemons Online expansion "Demon Rising" before the end of the year. Games in the pipeline include CJ7 Online and Dungeon Keeper Online to be launched in 2010 and a new version of in-house 3D MMORPG Ultima Online in 2011.
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