Giant Interactive Group Q1 Profit Soars

(RTTNews) - Giant Interactive Group, Inc. (GA) Wednesday reported first-quarter net income attributable to the company's shareholders of 1.21 billion Chinese yuan or 4.84 yuan per share, up from 326.0 million yuan or 1.32 yuan per share in the same period last year. In U.S dollars, earnings amounted to $194.0 million or $0.78 per share.

Adjusted earnings for the quarter were 343.1 million yuan, or $55.2 million. On a per-share basis, adjusted earnings were 1.38 yuan, or $0.22.

Revenues increased to 575.14 million yuan, or $92.52 million, from 572.85 million yuan last year.