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NetEase.com Q1 Profit Rises - Quick Facts

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NetEase.com Inc. (NTES: Quote) reported that its first-quarter net income attributable to the company rose to RMB 737.4 million or US$112.6 million, from RMB 452.3 million the first quarter of 2010. Earnings per American depositary share for the quarter were US$0.86, up from US$0.53 in the year ago quarter.

Total revenues for the first quarter of 2011 were RMB1.5 billion or US$234.9 million, compared to RMB1.2 billion in the first quarter of 2010.

Analysts polled by Thomson Reuters expected the company to report earnings of US$0.71 per share on revenues of US$234.69 million for the quarter. Analysts' estimates typically exclude special items.

For the first quarter, total revenues from online games increased by approximately 28% year-over-year, driven by higher revenue contributions from our self-developed games, namely Heroes of Tang Dynasty, Fantasy Westward Journey, Westward Journey Online II and Tianxia II, along with continued revenue growth from World of Warcraft, a game licensed from Blizzard Entertainment.

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by RTT Staff Writer

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