Shanda Games Sales May Fall

The operation of the company?s ?Mir 2? and ?World of Legend? role-playing games are at a ?mature stage,? Chief Financial Officer Richard Wei said in a conference call Thursday.
Second-quarter sales fell 4 percent to 1.11 billion yuan ($164 million) from a year earlier, leading to a 16 percent drop in profit to 304.3 million yuan, Shanda Games reported Wednesday. The Shanghai-based company increased spending to market new games to compete with rivals Tencent Holdings Ltd. and Inc.
Third-quarter sales may fall 5 percent compared with the previous three months, Wei said. In the three months ended Sept. 30 last year, Shanda reported revenue of 1.27 billion yuan.
Separately, parent Shanda Interactive Entertainment Ltd. reported second-quarter profit fell 60 percent to 168.8 million yuan from 426.9 million yuan a year earlier.

Source : Konaxis


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