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Baidu posts 76.9% profit jump for Q4

Feb. 17, 2012 (China Knowledge) - Baidu Inc<BIDU>, China's No.1 Internet search provider, reaped RMB 2.05 billion or US$326.3 million in net profit attributable to shareholders in the fourth quarter of last year, with a jump of 76.9% from a year earlier.
In the reporting period, the U.S.-listed firm's diluted earnings per American Depositary Share were RMB 5.87, while diluted earnings per ADS on a non-GAAP basis stood at RMB 6.01.  

Total revenue for the fourth quarter of 2011 amounted to RMB 4.47 billion, reflecting a year-on-year increase of 82.5%.

For the whole year of 2011, Baidu's net profit attributable to shareholders amounted to RMB 6.64 billion, soaring 88.3% from a year earlier. Diluted earnings ADS were RMB 18.99, compared with RMB 19.42 on a non-GAAP basis.

Total revenue for last year reached RMB 14.5 billion, 83.2% more than in 2010.

As of Dec. 31, 2011, Baidu had RMB 14.18 billion in cash and short-term investments.

The Chinese internet giant also expects its total revenue for the first quarter of 2012 to be in the range of RMB 4.2 billion to RMB 4.33 billion, representing a 72.2% to 77.7% increase from a year earlier.

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