logo
Plus   Neg
Share
Email

Tencent Q4 Profit Increases 29% - Quick Facts

Chinese Internet services provider Tencent Holdings Ltd. (TCEHY.PK) reported Wednesday that non-IFRS profit attributable to equity holders of the company for the fourth quarter was RMB 25.48 billion or $3.65 billion, an increase of 29 percent from last year. Earnings per share were RMB 2.643.

Operating profit was RMB 30.31 billion or $4.34 billion, an increase of 35 percent from the prior year.

Total revenues for the quarter increased 25 percent to RMB 105.77 billion or $15.16 billion from the same quarter last year.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Avalon Furniture is recalling about 9,500 units of Cottage Town Bedroom Furniture collection sold through Rooms To Go due to violation of federal lead paint ban, the U.S. Consumer Product Safety Commission said in a statement. According to the agency, the base coat paint used on pieces within the furniture collection contains levels of lead that exceed the federal lead paint standard. Sanofi and Regeneron Pharmaceuticals, Inc. announced that the U.S. Phase 3 trial of arthritis drug Kevzara (sarilumab) 400 mg in COVID-19 patients requiring mechanical ventilation did not meet its primary and key secondary endpoints. In the trial, Kevzara was added to best supportive care compared to best supportive care alone (placebo). The companies have stopped the U.S. trial. Shares of Moderna Inc. (MRNA) slipped over 5% on Thursday after a report claimed that the biotechnology company's late-stage trial for a coronavirus vaccine will be delayed. Moderna is developing mRNA-1273 in collaboration with the National Institute of Allergy and Infectious Diseases (NIAID). The...
RELATED NEWS
Follow RTT