Cryptic’s parent company reports increase in profit and revenues for the quarter

By Stephany Nunneley
22 November 2011 21:41 GMT

Cryptic’s parent company, Chinese online game developer Perfect World, has reported a rise in profits for the quarter of 587.7 million CNY ($92.1 million), which is up from 486.9 million CNY the prior year. The firm also reported an increase in revenues of 708.9 million CNY ($112 million), up from 579.2 million CNY yoy. All figures were in line with company guidance, reports Gamasutra. “While focusing on further enhancing the content of our portfolio is necessary for our healthy long-term growth, this decision did slow our revenues for the third quarter on a sequential basis. But our third quarter results still represent solid year-over-year revenue growth of 22.4%,” said according to chairman and CEO Michael Chi.

Sometimes we include links to online retail stores. If you click on one and make a purchase we may receive a small commission. Read our policy.

VG247 logo

Buy our t-shirts, yeah

They're far more stylish than your average video game website tat.

VG247 merch