tencent holdings ltd (TCTZF) Snapshot

Tencent Holdings Ltd. Presents at Bank of America Merrill Lynch Mobile Internet Corporate Day, Jun-10-2013 . Venue: Bank of America Merrill Lynch Client Centre, 15F Citibank Tower, 3 Garden Road, Central, Hong Kong.

Tencent Holdings Ltd. (SEHK:700) and Baidu, Inc. (NasdaqGS:BIDU) are looking to acquire NQ Mobile Inc. (NYSE:NQ), according to rumors in the industry.

Tencent Holdings Ltd. announced unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported revenues of RMB 13,547,554,000 compared with RMB 9,647,858,000 for the same period a year ago. Profit before income tax was RMB 5,100,129,000 compared with RMB 3,613,003,000 for the same period a year ago. Non-GAAP profit attributable to equity holders of the company was RMB 4,037,730,000 compared with RMB 3,281,064,000 for the same period a year ago. EBITDA was RMB 5,157,462,000 compared with RMB 4,254,547,000 for the same period a year ago. Adjusted EBITDA was RMB 5,438,182,000 compared with RMB 4,461,209,000 for the same period a year ago. Capital expenditures was RMB 1,034,598,000 compared with RMB 662,130,000 for the same period a year ago. Operating profit was RMB 5,062,518,000 compared with RMB 3,691,358,000 for the same period a year ago. Non-GAAP operating profit was RMB 5,060,890,000 compared with RMB 4,068,288,000 for the same period a year ago. Profit attributable to equity holders was RMB 4,043,819,000 or RMB 2.166 per diluted share compared with RMB 2,949,510,000 or RMB 1.587 per diluted share for the same period a year ago. The increase in revenue was primarily driven by growth in revenues from China, where major titles such as Cross Fire, Dungeon and Fighter (DnF) and League of Legends (LoL) benefited from the positive impacts of Chinese New Year holidays, the winter break for students, and favourably-received expansion packs, assisted by increased contributions from certain new self-developed titles. Net cash flows generated from operating activities was RMB 6,978,391,000 against RMB 4,863,761,000 for the same period a year ago. For the rest of the year, the company will continue to expand its geographic presence in China and optimise eCommerce infrastructure. The company is also enhancing the user experience of B2C marketplace by working with selected premium merchants to improve product selection and customer service.