• IS provokes sea-change

    It has been a grave mistake to defy both Russia and France, says Leopold Scholtz.

  • Nene's SAA nemesis

    No political figure seems to have the guts to speak out against Dudu Myeni, says Solly Moeng.

  • The mp3 revolution

    Ian Mann takes a look at the war between digital music and the compact disc.

All data is delayed
See More

Tencent reports 13.6% rise in Q3 net profit

Nov 09 2011 11:11

Company Data


Last traded 2143
Change -57
% Change -3
Cumulative volume 937782
Market cap 0

Last Updated: 27-11-2015 at 05:05. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Naspers follows Tencent lower

Tencent drags down Naspers

Profit jump for Tencent

Naspers falls further on Tencent jitters

Naspers falls on Tencent growth fears

Naspers profit up 13%

TENCENT Holdings, China’s second-biggest Internet provider by market value, reported a lower-than-expected 13.6% rise in third-quarter net profit, marking the slowest growth in more than four years in quarterly profit, hurt by slowing growth in its legacy games and lower margins due to increased investments.

Tencent said on Wednesday its third-quarter net profit rose to 2.45 billion yuan ($377 million), missing analysts’ forecast of 2.63 billion yuan.

Internet value-added services, including online games, formed 80 percent of revenue at 6.0 billion yuan.

Total revenue was 7.50 billion yuan, up from 5.23 billion yuan a year earlier and beating forecasts of 7.12 billion yuan.

Shares in Tencent, which is more than 30% owned by Naspers [JSE:NPN]  South Africa’s biggest media group, ended 0.97% higher on Wednesday, versus the Hang Seng Index’s 1.71% gain.

* Fin24 is a Naspers publication

tencent holdings  |  naspers  |  china  |  ict


Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Company Snapshot

We're talking about:


Marketing is a big concern in SA's small business community, followed by a lack of confidence and partnering with the wrong people, according to a survey.

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

The 25 basis points interest rate increase is:

Previous results · Suggest a vote