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China Earnings Analysis: 
Shanda Interactive Net Rises 25%
Author: Trupti Mehta
123jump.com
Last Update: 8:09 AM ET June 03 2009



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Shanda Interactive Entertainment Limited first quarter sales rose 42% to Rmb 1.11 billion and net profit rose 25% to Rmb 361 million or Rmb 5.28 a share.

 
10:00AM Hongkong, China - Shanda Interactive Entertainment Limited sales rose 42% and net profit rose 25%.

Shanda Interactive Entertainment Limited, China’s biggest online-games provider reported first quarter sales rose 42% to Rmb 1.11 billion from Rmb 779.8 million a year ago. Net profit in the quarter rose 25% to Rmb 361 million or Rmb 5.28 per diluted share compared to net profit of Rmb 288.8 million or Rmb 3.94 per share a year ago.

Shanda Interactive Entertainment Limited, in the last one year traded as high as $60.67 in June 2009 and as low as $19.75 in December 2008. Based on the yesterday’s closing price of $60.40 the company has market cap of $4.39 billion.
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