Perfect World revenue and profit down year-over-year

Online game publisher Perfect World has released its financial earnings statement for the third quarter ended on September 30, 2012. Total revenue for the quarter came to RMB695.8 million ($111.7 million/ £70.1 million), down from RMB708.9 million ($113.8 million/£71.5 million) in the same quarter in 2011. Net income also fell to RMB104.3 million ($16.7 million/£10.5 million), down from RMB171.1 ($27.5 million/£17.2 million) in Q3 2011. (…) Heading into the fourth quarter, Perfect World intends to continue its expansion into global markets. On the Western side, Perfect World subsidiary Cryptic Studios is still developing the Neverwinter MMO. The company also gained the exclusive license to publish Valve’s Dota 2 in China. Total revenue for the fourth quarter is expected to be between RMB661 million and RMB696 million ($106.1 million to $111.7 million/£66.6 million to £70.1 million).

[link to article]