CDC Benefits from Acquisition and Organic Growth
Strong Revenue and Profit Growth
CDC achieved strong financial performance in 2Q2006. Revenue increased by 19.2% to $77 mn, while net profit grew sharply to $7.90, compared to $1.48 mn in 1Q2006. 61.9% of QOQ incremental revenue came from 17game shareholding increase. On March 23, china.com (HKSE:8006), a subsidiary of CDC, increased its shareholding of 17game from 48% to 100%, so that CDC can fully consolidate 17game’s revenue of $7.7 mn in 2Q.
CDC achieved strong financial performance in 2Q2006. Revenue increased by 19.2% to $77 mn, while net profit grew sharply to $7.90, compared to $1.48 mn in 1Q2006. 61.9% of QOQ incremental revenue came from 17game shareholding increase. On March 23, china.com (HKSE:8006), a subsidiary of CDC, increased its shareholding of 17game from 48% to 100%, so that CDC can fully consolidate 17game’s revenue of $7.7 mn in 2Q.
posted by god_is_good478 at 2:18 AM
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