Kalends’ Online Game Net Profit Up 57.5% In China – ChinaTechNews.com

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Shenzhen-listed Chinese Internet game distributor Kalends achieved net profit of CNY384 million, a year-on-year increase of 57.5%, according to its semi-annual report for the first half of 2017.

Kalends’ operating revenue was CNY1.737 billion during the first half of 2017, representing a year-on-year increase of 41.73%. Of the total revenue, its gaming business contributed CNY1.487 billion, a year-on-year increase of 42.71%. Meanwhile, the revenue of mobile games was CNY1.452 billion, accounting for 97.01% of the total gaming business revenue, and it marked an increase of 50.02% compared with the same period of last year.

The company’s self-developed games gained good performance; therefore, the company’s flow of self-developed mobiles games improved significantly.

In addition, Kalends acquired Xianlai Game during the reporting period, which enhanced the company’s profitability and overall gross margin level.

The report also revealed that Kalends’ software app store business revenue was CNY19 million, accounting for 1% of its total operating revenue.

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