The9 Limited Reports Second Quarter 2008 Unaudited Financial Results

By PR Newswire SHANGHAI, China, Aug. 7 /Xinhua-PRNewswire/ -- The9 Limited (Nasdaq: NCTY) ("The9"), a leading online game operator and developer in China, announced today its unaudited financial results for the second quarter ended June 30, 2008. Second Quarter 2008 Financial Highlights: -- The9 reported record revenues and record net income for the second quarter of 2008. -- Net revenues for the second quarter of 2008 increased by 4% quarter-over-quarter and by 69% year-over-year to RMB455.1 million (US$66.3 million). Net revenues attributable to the operation of subscription-based game, which includes revenues from game playing time, merchandise and installation package sales, increased by 6% quarter-over-quarter and by 69% year-over-year to RMB416.3 million (US$60.7 million) in the second quarter of 2008. -- Net income for... [read full story]