NetEase’s quarterly profit rose as the Chinese videogame publisher posted a rise in sales that outpaced expenses.
The Beijing-based company said Thursday that net profit in the third quarter rose 17% on year to 7.84 billion yuan (US$1.08 billion). Revenue rose nearly 12% on year to CNY27.27 billion, the bulk of which came from games and value-added services, while cost of revenues fell 3.5% on year.
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