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New York-listed Giant Interactive's profit down 13.7% in Q3

Nov. 15, 2012 (China Knowledge) - Giant Interactive Group Inc<GA>, one of China's leading online game developers and operators, reaped RMB 311.7 million or US$49.6 million in net profit attributable to shareholders in the third quarter of this year, down 13.7% YoY or up 1.4% quarter on quarter.

In the reporting period, the New York-listed firm's basic earnings per American Depositary Share were RMB 1.32, compared with RMB 1.54 for the same quarter of 2011.

Non-GAAP net profit attributable to shareholders was RMB 342.5 million in the three months ended Sep 30, 2012, reflecting a YoY increase of 20.2%.

Operating revenue for the third quarter grew 18.6% from a year earlier to RMB 543.2 million.

Gross profit totaled RMB 468.1 million, up 18.6% YoY, with gross margin of 86.2%.

As of Sep 30, 2012, Giant Interactive had RMB 2.34 billion in cash and short-term investments, whereas it had RMB 1.87 billion at the end of last year.

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