Giant Interactive Announces Third Quarter EPS of $.14

Giant Interactive Group Inc. GA  announced today its unaudited financial results for the third fiscal quarter ended September 30, 2010.  

Third Quarter 2010 Highlights:

• Net revenue was RMB338.7 million (US$50.6 million), an increase of 5.3% from the second quarter 2010 and an increase of 16.7% from the third quarter 2009.  
• Gross profit was RMB288.5 million (US$43.1 million), an increase of 5.0% from the second quarter 2010 and an increase of 17.9% from the third quarter 2009. Gross profit margin for the third quarter 2010 was 85.2%.
• Net income attributable to the Company's shareholders was RMB208.7 million (US$31.2   million), an increase of 12.2% from the second quarter 2010 and an increase of 5.6% from the third quarter 2009. The margin of net income attributable to the Company's shareholders for the third quarter 2010 was 61.6%.
• Basic and diluted earnings per American Depositary Share ("ADS") or one ordinary share were RMB0.92 (US$0.14) and RMB0.89 (US$0.13), respectively, compared to basic and diluted earnings per ADS of RMB0.82 and RMB0.79, respectively, for the second quarter 2010, and basic and diluted earnings per ADS of RMB0.87 and RMB0.84, respectively, for the third quarter 2009.
• Non-GAAP net income attributable to the Company's shareholders excluding non-cash share-based compensation was RMB220.9 million (US$33.0 million), an increase of 14.4% from the second quarter 2010 and an increase of 7.5% from the third quarter 2009. The margin of non-GAAP net income attributable to the Company's shareholders excluding non-cash share-based compensation was 65.2%.
• Basic and diluted non-GAAP earnings excluding non-cash share-based compensation per ADS were RMB0.97 (US$0.15) and RMB0.95 (US$0.14), respectively, compared to basic and diluted non-GAAP earnings per ADS of RMB0.85 and RMB0.82, respectively, for the second quarter 2010, and basic and diluted non-GAAP earnings per ADS of RMB0.91 and RMB0.88, respectively, for the third quarter 2009.