Plus   Neg

Tencent Q3 Profit Up 30% - Quick Facts

Tencent Holdings Limited (TCEHY.PK), a provider of Internet value added services in China, reported that its profit attributable to equity holders of the company for the third quarter was RMB 23.33 billion or $3.39 billion, an increase of 30 percent from RMB 18.05 billion in the prior-year quarter. Earnings per share for the quarter were RMB 2.44, up from RMB 1.89 in the year-ago period.

On an adjusted basis, which excludes certain non-cash items and certain impact of M&A transactions, profit attributable to equity holders of the company for the quarter was RMB 19.71 billion or $2.87 billion, an increase of 15 percent from RMB 17.07 billion in the year-ago period. Adjusted earnings per share for the quarter were RMB 2.061.

Operating profit for the quarter was RMB 27.86 billion or $4.05 billion, an increase of 22 percent from RMB 22.75 billion in the prior year.

Total revenues for the quarter grew 24 percent to RMB 80.60 billion or $11.72 billion, from RMB 65.21 billion in the year-ago period, primarily benefiting from growth in payment-related services, online advertising, digital content sales and cloud services.

For comments and feedback contact: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
McDonald's Corp. has announced the return of its popular Shamrock Shake milkshake for a limited time at participating U.S. restaurants nationwide. The minty green milkshake is made with McDonald's vanilla soft serve blended with Shamrock Shake syrup and topped with whipped topping. It first debuted on the McDonald's menu in 1970 and has been a seasonal tradition for nearly 50 years. Asia-focused lender HSBC, through its blockchain-powered platform, has reduced the cost of settling foreign exchange trades by 25 percent, Reuters reported quoting a bank executive overseeing the project. Mark Williamson, chief operating officer of FX cash trading and risk management, told that the bank processes between 3,500 and 5,000 trades a day on its "FX Everywhere" system. PepsiCo, Inc. (PEP) reported fourth-quarter core EPS of $1.49 compared to $1.31, prior year. Excluding the impact of foreign exchange translation, core constant currency EPS increased 17 percent year-over-year. On average, 19 analysts polled by Thomson Reuters expected the company to report profit per...
Follow RTT