China's third-biggest online game provider NetEase.com Inc said Thursday its net profit rose 3.9 percent year-on-year to 486 million yuan ($71.70 million) in the second fiscal quarter as incomes from online games and advertising surged.
Total revenue for the period was 1.3 billion yuan, an increase of 49.08 percent from one year earlier.
Income from online games was 1.2 billion yuan, which was 53.45 percent higher than one year ago. The company also recorded revenue of 146 million yuan from its advertising, which advanced 100.55 percent year-on-year.
The Beijing company offered new games such as "Heroes of Tang Dynasty" last quarter to meet rising competition from other domestic online game providers. It also won regulatory approval this month to offer an upgrade to its "World of Warcraft" game, according to Bloomberg.
Shares of NetEase closed at $36.50 on Aug 18, down 1.78 percent.
