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Nasdaq-listed's profit up 20% in Q4

Feb. 8, 2012 (China Knowledge) - Ltd<CYOU>, an online game developer wholly owned by Inc<SOHU>, earned US$64.3 million in net profit attributable to shareholders in the fourth quarter of 2011, reflecting a year-on-year increase of 20% or a sequential increase of 4%.

In the reporting period, the Nasdaq-listed firm's fully diluted earnings per American Depositary Share were US$1.21.

On a non-GAAP basis, the company's net profit attributable to shareholders grew 28% from a year earlier or 13% quarter on quarter to US$71.2 million with earnings per ADS of US$1.33.

Total revenues for the fourth quarter of 2011 reached a record US$137.7 million, up 39% year on year or 7% quarter on quarter.

For the whole of 2011, reaped US$245.5 million in net profit attributable to shareholders, while its non-GAAP net profit attributable to shareholders stood at US$256.9 million.

The company's total revenues for last year amounted to US$484.6 million, up 37% from the year 2010.

As of December 31, 2011, had US$330.4 million in cash, less than US$458.6 million it had as of September 30, 2011.

The Chinese online game developer also expects its non-GAAP net profit attributable to shareholders to be in the range of US$58 million and US$60 million in the first quarter of 2012, and the firm's total revenues for the period is expected to reach between US$130 million and US$134 million

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