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U.S.-listed's profit for Q4 surges 26%

Feb. 17, 2012 (China Knowledge) - Inc<NTES>, which operates one of China's leading web portals, has posted RMB 898.6 million or US$142.8 million-net profit for the fourth quarter of 2011, up 26% year on year from RMB 712.5 million.

In the reporting period, the U.S.-listed firm's earnings per American Depositary Share were RMB 6.85, compared with RMB 5.45 in the fourth quarter of 2010.

Revenue for the fourth quarter 2011 surged 28% year on year to RMB 2.15 billion, less than the forecast of US$3.17 billion made by analysts gathered from Thomson Reuters. Gross margin stood at 69.2% from 68.2% in the fourth quarter of 2010.

Revenue from the firm's core business online games soared by 29%, while advertising revenue rose 19% in the three months ended Dec. 31, 2011.

At the end of last year, NetEase had 450 million registered email users, up 4.7% from the end of last September, while micro-blogging users rose 10% sequentially to 97.6 million.

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