Tencent Q4 Profit Jumps on Higher Gaming, WeChat Usage During COVID-19 Pandemic

Tencent Q4 Profit Jumps on Higher Gaming, WeChat Usage During COVID-19 Pandemic

4 years ago
Anonymous $9CO2RSACsf

https://wccftech.com/tencent-q4-profit-jumps-on-higher-gaming-wechat-usage-during-covid-19/

Tencent HKG:0700 reported its fourth-quarter earnings after the market closed in Hong Kong Wednesday and before New York opened, posting double-digit growth in profit and revenue but warning that while the COVID-19 virus has yet to harm the company it might have a strong impact on future earnings. 

Tencent posted a 25% growth in revenue during the last three months of its fiscal year to $15.1 billion and a 52% increase in profit hitting $3 billion. For all of 2019, Tencent reported a net profit of $13.2 billion, up 19% compared to the previous year.

Tencent Q4 Profit Jumps on Higher Gaming, WeChat Usage During COVID-19 Pandemic

Mar 18, 2020, 12:29pm UTC
https://wccftech.com/tencent-q4-profit-jumps-on-higher-gaming-wechat-usage-during-covid-19/ > Tencent HKG:0700 reported its fourth-quarter earnings after the market closed in Hong Kong Wednesday and before New York opened, posting double-digit growth in profit and revenue but warning that while the COVID-19 virus has yet to harm the company it might have a strong impact on future earnings.  > Tencent posted a 25% growth in revenue during the last three months of its fiscal year to $15.1 billion and a 52% increase in profit hitting $3 billion. For all of 2019, Tencent reported a net profit of $13.2 billion, up 19% compared to the previous year.