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The Tencent logos are presented at a press conference in Hong Kong, China on March 22, 2017. REUTERS / Tyrone Siu
HONG KONG (Reuters) – Tencent Holdings said Thursday its net profit for the quarter ended December was down 32 percent, the record-breaking result ever for a quarter, as a regulatory review weighed on its business. Thu.
The net profit of the second largest Asian listed company for the September-December quarter was 14.2 billion yuan (2.12 billion US dollars), compared with an average estimate of 16 badysts of 18.3 billion yuan. yuan, according to Refinitiv data.
Revenues for the quarter rose 28 percent to 84.9 billion yuan, a figure slightly higher than the estimated average estimate of 83 billion yuan from 19 badysts. Tencent attributes this in part to the strong growth in advertising revenue from sponsorships.
Tencent declared a final dividend of $ 1.00 per share against $ 0.88 in 2017.
Report by Sijia Jiang; Edited by Muralikumar Anantharaman
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