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Shanda Games's profit down 28% in Q3

Nov. 27, 2012 (China Knowledge) - Shanda Games Ltd<GAME>, a spin-off of Shanda Interactive Entertainment Ltd<SNDA>, earned RMB 254 million in net profit attributable to shareholders in the third quarter of this year, reflecting a YoY decrease of 28%.

Diluted earnings per American Depositary Share were RMB 0.92, less than RMB 1.2 in the third quarter of last year.

For the third quarter of 2012, U.S.-listed Shanda Games saw its operating revenue plunge 20% from a year earlier to RMB 1.08 billion.

On a non-GAAP basis, the company's net profit attributable to shareholders for the quarter was RMB 290 million, down 28.2% from a year earlier, and its diluted earnings per ADS were RMB 1.04 in the period, compared with RMB 1.42 in the third quarter of 2011.

During the period from January to September 2012, the online game company reaped a total of RMB 898 million in net profit, less than RMB 961 million it earned in the same period of 2011.

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