NetEase posts Q2 net profit of $63.9m

By Mike
14 August 2008 22:08 GMT

Chinese developer and MMO handler NetEase has posted a net profit of $63.9 million compared with $45.6 million for the previous year, reports Edge.

Total revenues for Q2 08 were $104.4m compared with 2007s $81.3m.

Company boss William Ding was in an understandably buoyant mood: “We experienced a strong second quarter due to solid execution in our online gaming and advertising businesses,” he said.

“We believe that China’s online gaming industry is in the midst of unprecedented growth and NetEase is very well positioned to benefit from this trend.”

More through the link.

By Mike Bowden

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