Thursday, 13 November 2014

Tencent reports 46% rise in Q3 but falls short of expectations

The profit growth fell beneath the expected 57 per cent profit forecasted by analysts Chinese Internet company*Tencent reported 46 per cent year-on-year increase in profits*and*28 per cent increase in revenues in the third quarter. Despite significant increases, the profit growth fell beneath the expected 57 per cent profit forecasted by analysts. Revenue increased to US$3.2...



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