NETEASE.COM POSTS 2004 SECOND QUARTER RESULTS
AsiaInfo Services, August, 2004
AsiaInfo Services 08-06-2004 NetEase.com Posts 2004 Second Quarter Results BEIJIGN, Aug 06, 2004 (SinoCast via COMTEX) -- On August 3, NetEase.com Inc (Nasdaq: NETS), one of China's largest portal websites operating a leading interactive online and wireless community in China, announced its 2004 second quarter financial report that indicated the company had achieved a net income of USD 25 million in Q2, increasing 5.2% from that in the first quarter. The Internet company had gotten USD 11.9 million in net profitsin the past quarter, a slim decline from USD 12.6 million in previous quarter.
However, it had faced a 37.1% decrease in netrevenues from wireless value-added and other fee-based premium services. At the same time, its net revenues from online game...
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