Netdragon sees 50% YoY revenue growth

Chinese game operator Netdragon Websoft has reported a 51.2 per cent increase in revenue compared to the same period last year, and a 621.2 per cent increase in net profit compared to the previous quarter.

"Quarterly revenue hit a historic high of RMB 237.0 million; net profit also increased 621.2 per cent QoQ, laying a solid foundation for the company to achieve 2012 strategic goals," said company chairman Liu Dejian. The figures represent the first quarter of 2012, ended 31 March.

Revenue from online games grew by 27.2 per cent compared to last year, and mobile internet revenue increased by 644.3 per cent.

Gross profit for the quarter was RMB 208.7 million, an increase of 46.8 per cent on last year.

"In terms of our mobile internet business, we are steadily advancing our strategy of providing a superior yet simple end-user experience as well as offering differentiated content and services, all with the aim of maintaining our leadership position in the mobile marketplace space."

"So far, we have achieved good results. First quarter revenue increased 84.1 per cent QoQ to RMB45.4 million, and now represented 19.2 per cent of total revenue compared with 11.4 per cent in the previous quarter."