23.05.2024 11:13:01 - dpa-AFX: NetEase Q1 Results Rise; Declares Dividend

BEIJING (dpa-AFX) - NetEase, Inc. (NTES), a Chinese internet and game
services provider, reported Thursday that its first-quarter net income
attributable to the company's shareholders totaled RMB7.6 billion or $1.1
billion, compared to RMB6.8 billion last year.

NetEase reported basic net income of $0.33 per share and $1.65 per ADS for the
first quarter, compared to $0.29 per share and $1.45 per ADS, respectively, in
the prior year.

Adjusted net income totaled RMB8.5 billion or $1.2 billion, compared to last
year's RMB7.6 billion. Adjusted basic net income was $0.37 per share and $1.84
per ADS, compared to prior year's $0.33 per share and $1.63 per ADS.

Net revenues for the first quarter were RMB26.9 billion or $3.7 billion, an
increase of 7.2 percent from RMB25.0 billion a year ago.

Further, the company said its board of directors has approved a dividend of
$0.0990 per share or $0.4950 per ADS for the first quarter to holders of
ordinary shares and ADSs as of the close of business on June 6, payable in U.S.
Dollars.

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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
NETEASE INC. ADR/5 501822 Frankfurt 85,500 14.06.24 08:02:44 ±0,000 ±0,00% 0,000 0,000 85,500 85,500

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