Tencent’s quarterly profit jumps 60%, beats expectations -Breaking
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© Reuters. FILE PHOTO – A Tencent logo can be seen in Beijing on September 4, 2020. REUTERS/Tingshu Wang/SHANGHAI (Reuters – Chinese gaming and social-media giant Tencent reported a larger-than-expected 60 percent increase in their fourth-quarter profits.
From 59.3 Billion yuan one year ago, net profit rose to 95 billion Yuan ($14.90billion) in December. This is higher than the Refinitiv average of 30.76 Billion, which 13 analysts had derived.
($1 = 6.3739 renminbi)
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