Tencent, China’s social media, games and streaming giant, unveiled solidly normal financial results for its year to December.
It signaled damage to the Chinese economy from the coronavirus outbreak, but the group is expanding the range of business activities that can be done online.
Revenues, profits and dividend payouts for 2019 all increased by a fifth.Group revenue over 12 months was up 21% to $53.7 billion (RMB377 billion).
Net profit was up 22% to $13.4 billion (RMB94.3 billion).The figures were closely in line with the mean forecasts of 59 financial analysts surveyed in a Bloomberg survey.
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