Business
TENCENT ANNOUNCES 2023 SECOND QUARTER AND INTERIM RESULTS
Tencent Holdings Limited ("Tencent" or the "Company", 00700.HK), a leading provider of Internet value-added services in China, today announced the...
About this update from Tencent Holdings Ltd
[{"type":"text","content":"\n \n\t\t \n \n \n \n HONG KONG, Aug. 16, 2023 /PRNewswire/ -- Tencent Holdings Limited (\"Tencent\" or the \"Company\", 00700.HK), a leading provider of Internet value-added services in China, today announced the unaudited consolidated results for the second quarter (\"2Q2023\") and first half year of 2023 (\"1H2023\") ended June 30, 2023.\n2Q2023 Key Highlights \nRevenues: +11% YoY, non-IFRS[1] profit attributable to equity holders of the Company: +33% YoY\n\n Total revenues were RMB149.2 billion (USD20.6 billion[2]), an increase of 11% over the second quarter of 2022 (\"YoY\").\n On a non-IFRS basis, which is intended to reflect core earnings by excluding certain one-time and/or non-cash items: - Operating profit was RMB50.1 billion (USD6.9 billion), an increase of 37% YoY. Operating margin increased to 34% from 27% last year. - Profit for the period was RMB38.6 billion (USD5.3 billion), an increase of 33% YoY. Net margin increased to 26% from 22% last year. - Profit attributable to equity holders of the Company for the quarter was RMB37.5 billion (USD5.2 billion), an increase of 33% YoY. - Basic earnings per share were RMB3.962. Diluted earnings per share were RMB3.875.\n On an IFRS basis: - Operating profit was RMB40.3 billion (USD5.6 billion), an increase of 34% YoY. Operating margin increased to 27% from 22% last year. - Profit for the period was RMB27.0 billion (USD3.7 billion), an increase of 41% YoY. Net margin increased to 18% from 14% last year. - Profit attributable to equity holders of the Company for the quarter was RMB26.2 billion (USD3.6 billion), an increase of 41% YoY. - Basic earnings per share were RMB2.761. Diluted earnings per share were RMB2.695.\n\n1H2023 Key Highlights\nRevenues: +11% YoY, non-IFRS profit attributable to equity holders of the Company: +31% YoY\n\n Total revenues were RMB299.2 billion (USD41.4 billion), an...