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Chinese Internet Game Firm Expects Greater Revenue Growth
July 21, 2009 |
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CDC Corporation's Chinese subsidiary CDC Games has issued a statement that it expects to double its revenue from the first quarter of 2009.
"We are very pleased to see a significant rebound in revenue at CDC Games in our second quarter of this year and believe this trend will continue as a result of the launch of Nan Lin Feng Yun,” said Monish Bahl, chief financial officer of CDC Games. "We also are excited about the prospects of our anticipated launch of The Lord of the Rings Online in the second half of this year. With the continued popularity of Yulgang and our anticipated launch of The Lord of the Rings Online, as well as new planned versions of some of our other games, we feel optimistic about our prospects for the remainder of 2009 and beyond."
Based on preliminary financial data and projections, the company estimates that its revenue for the second quarter 2009 will increase by approximately 50% over revenues in the first quarter 2009. The projected increase is primarily attributed to the rebound of Yulgang metrics after its launch of a major new version, called Nan Lin Feng Yun, on March 27, 2009.
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