NetEase Q1 Profit Rises - Quick Facts

(RTTNews) - NetEase, Inc. (NTES), one of China's leading Internet and online game services providers, reported first quarter net income attributable to shareholders of RMB 1.3 billion compared to RMB 1.1 billion, prior year. Earnings per share was RMB 0.38, compared to RMB 0.34. Non-GAAP net income attributable to shareholders for the first quarter of 2015 totaled RMB 1.4 billion or RMB 0.43 per share.

Earnings per ADS was $1.55, for the first quarter of 2015 compared to $1.39 for the first quarter of 2014. Non-GAAP earnings per ADS was $1.74, for the first quarter of 2015.

Total revenues were RMB 3.89 billion compared to RMB 2.52 billion, a year ago.

"The introduction of new games and content for our community of online PC-client and mobile users drove growth across our business during the first quarter of 2015. Compared with the same period last year, revenues from our online games business were up 44.0%," said William Ding, CEO and Director of NetEase.

The board of NetEase has approved a dividend of US$0.39 per ADS for the first quarter of 2015, which is expected to be paid on June 5, 2015 to shareholders of record as of the close of business on May 27, 2015.