Cayenne Entertainment Technology Co, Ltd. Announces Audited Consolidated Earnings Results for the Full Year of 2013; Provides Earnings Guidance for the Full Year of 2014
March 28, 2014
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Cayenne Entertainment Technology Co, Ltd. announced audited consolidated earnings results for the full year of 2013. For the year, the company reported combined revenues of CNY 920 million in 2013, although revenue growth of 18.9% compared to 2012, but due to a slight increase in operating costs and expenses, plus provision for impairment of intangible assets, caused by last year's consolidated net loss attributable to the parent company of CNY 0.49 billion, earnings per share CNY 2.3 million. Consolidated revenue amounted to CNY 922,133,000.
For 2014, the company expects expected to return to profitability, a new revenue heights.
Cayenne Entertainment Technology Co., Ltd. is a Taiwan-based company principally engaged in the agent, research and development of online games and mobile games, as well as the operation and management of the game e-commerce platforms. . Its online games include real-time games, leisure games, puzzle games and others. The Company is also engaged in the operation of one online game community platform: www.wasabii.com.tw, which provides game information and personal document management services for game players. The Company operates its businesses primarily in Taiwan.
Cayenne Entertainment Technology Co, Ltd. Announces Audited Consolidated Earnings Results for the Full Year of 2013; Provides Earnings Guidance for the Full Year of 2014