Hong Kong,May 13, 2020–Tencent Holdings Limited (“Tencent” or the “Company”, 00700.HK), a leading provider of Internetvalue added services in China, today announced the unaudited consolidated results for the first quarter (“1Q2020”)ended March 31, 2020.
Q2020Key Highlights
Revenues: +26% YoY, non-IFRS1profit attributable to equity holders of the Company: +29% YoY
Total revenueswereRMB108,065million(USD15,252million2), an increaseof26%over thefirstquarter of2019(“YoY”)
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 RMB35,575million (USD5,021million), an increase of25%YoY. Operating margin remained stable at 33%
Profit for the quarter was RMB27,984million (USD3,950million), an increase of 29%YoY. Net margin increasedto26% from 25% last year.
Profit attributable to equity holders of the Companyfor the quarter was RMB27,079million (USD3,822million), an increase of 29% YoY
Basic earnings per sharewere RMB2.858. Diluted earnings per sharewere RMB2.817.
On an IFRS basis
Operating profit was RMB37,260 million (USD5,259million), anincreaseof 1% YoY. Operating margin decreased to 34% from 43% last year.
Profit for the period was RMB29,403million (USD4,150million), an increase of 6% YoY. Net margin decreased to 27% from 33% last year.
Profit attributable to equity holders of the Company for the quarter was RMB28,896million(USD4,078million), an increase of 6%YoY.
Basic earnings per share were RMB3.049. Diluted earnings per share were RMB2.999
Total cashwere RMB220,584million(USD31,134million) at the end of the quarter
Mr. Ma Huateng, Chairman and CEO of Tencent, said, “As the world tackles COVID-19, our thoughts and hearts go out to all the people who aresuffering from the pandemic. During this difficult period, we seek to provide online services that keep people connected, informed, productive, and entertained. So far, our businesses have proved resilient and cashflow-generative, enabling us to increase our investment to fulfill our mission of “Tech for Good”. We are allocating time and resources, including over RMB2 billion of donations, to contribute to COVID-19 relief initiatives in China and globally.”
