Chinese online game developer and operator Shanda Games Limited has published its unaudited financial report for the first quarter ended March 31, 2012, and said the company will repurchase up to USD100 million American depositary shares during the next 12 months.
According to the financial report of Shanda Games, the company’s net operating revenue was CNY1.389 billion during the reporting period, a year-on-year increase of 10.9% and an increase of 2.5% compared with the previous quarter. Its net profit reached CNY337 million, a year-on-year increase of 7.6% and an increase of 10.7% compared with the previous quarter.
Meanwhile, Shanda Games announced a share repurchase plan. Shanda Games gained the approval from its board of directors on June 11, 2012, to repurchase up to USD100 million American depositary shares during the next 12 months. The repurchase will reportedly be realized via deals in the public market, block trades, and other ways.
The repurchase plan can be suspended or terminated at any time.
Alibaba Group Holding has joined rivals including Tencent Holdings and Baidu in rolling out Spring…
Curated By :Last Updated:February 02, 2026, 14:14 ISTWe are also covering: Nine-page suicide note of…
The Cuban government has rejected accusations that it poses a threat to the security of…
BEIJING - On Jan 22, Chinese space start-up InterstellOr created a buzz on Chinese social…
Copper prices continued to slide from record highs as market participants weighed whether bullish investors…
With the Year of the Horse fast approaching, one golden mane has been decorating the…