Online Degree Singapore
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Big game high executives use cash to implementate mergers and acquisitions by Angel
Beijing time on November 18 the morning news, big GAME (the Po) (Nasdaq: GAME) today announced the ended sept. 30, 2011 third quarter financial report without audit. The report shows that big game in the third quarter of 2011 net operating income reached 1.353 billion yuan (us $213 million), up 23.4% from a year ago, compared to the previous quarter, up 2.4%; Net profits of 343 million yuan ($53.9 million), up 18.5% from a year ago, increased by 12.3% compared to the previous quarter.
Results after releasing, CEO and CFO TanQunZhao big game WeiCheng held a conference call coffins analysts, interpretation of earnings and answer questions analysts point.
The following is a question and answer session analysts main content:
Morgan Stanley analyst Timothy chung (Timothy Chen) : please introduce new game recent performance.
TanQunZhao: we in September on the "stars become" update, after the game achieve growth. The game has grown steadily in the process. The other two game of medium-sized test, we in the process of finding some products, such as technical problems and content of the need to improve the problem, etc. We are currently working with developers positive cooperation, to promote the product further optimization, recent no large-scale promotion.
In addition, the legendary 3 "in the recent test performance is very good, the game using the back end of this new technology, and to reduce the game downloads and into the threshold. The legendary 3 "of data is very strong, exceeded our expectations. It must be pointed out that the game attract old users and more new users, for our existing other games have no effect.
Roche capital analyst Adam clay ck (Adam Krejcik) : excuse me "dragon valley" this game growth prospects?
TanQunZhao: we in the development of Singapore and Malaysia market in addition in the American market for online games. We believe in the fourth quarter of the game's global income will pick up. We hope that next year the game in each area market performance have a certain degree rise. Meanwhile we also in more countries opened the dragon valley "game, such as into the European market.
Merrill lynch analysts Eddie beam: excuse me, if the company felt pressure higher labor costs?
WeiCheng hub: Labour costs rise every year, our wages increase similar with the same period last year.
Clsa analysts: the company now hold a large amount of cash, excuse me will be how to use these cash?
WeiCheng hub: we hope to be the most beneficial for shareholders to ways to use cash. Options include mergers and acquisitions, now a change the industry, if have the right opportunity, we will consider mergers and acquisitions. In addition, we have in the past the implementation of stock buyback. On whether to release on cash dividend, we are in the relevant discussion, at present has been set.
About the Author
Angel a professianl writer, it provides the high quality products, such as ECU Reprogramming Manufacturer, Airbag Resetting Tool, Vag Diagnostic Tool, and many more.
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Differences Between National Standards of Chinese $68.72 Used - Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. The Chinese language enjoys the status as official language in mainland China, Hong Kong, Macau, Singapore and Taiwan. However, the language shows a high degree of regional variation among these territories. There are currently two writing systems for the Chinese language, namely the traditional Chinese characters and the simplified Chinese characters. Before 194 |
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Differences Between National Standards of Chinese $68.72 New - Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. The Chinese language enjoys the status as official language in mainland China, Hong Kong, Macau, Singapore and Taiwan. However, the language shows a high degree of regional variation among these territories. There are currently two writing systems for the Chinese language, namely the traditional Chinese characters and the simplified Chinese characters. Before 1949 |