China Mobile Games And Entertainment Q3 Profit Rises - Quick Facts

(RTTNews) - China Mobile Games and Entertainment Group Limited (CMGE) said that third-quarter net income attributable to shareholders was RMB75.2 million or US$12.3 million, compared to RMB24.7 million in the comparable quarter last year.

Earnings per American Depositary Share or ADS were RMB2.30 or US$0.38, compared to earnings per ADS of RMB0.98 in the prior year quarter.

Non-GAAP net income was RMB82.8 million or US$13.5 million, compared with non-GAAP net income of RMB24.9 million in the previous year period.

Earnings per ADS excluding share-based compensation and independent committee investigation costs were RMB2.54 or US$0.41, compared with earnings per ADS of RMB0.98 last year.

Total revenues were RMB357.6 million or US$58.3 million, compared with RMB98.1 million in the prior year period. Revenues were 264.5% higher year-over-year. The year-over-year increase was due to the strong growth of self-developed games and publishing business as well, driven by the increase in the number of paying users and ARPU, which, for social games paying users, increased 24.0% and 14.5% quarter-over-quarter, respectively.