Cryptic’s parent company reports increase in profit and revenues for the quarter

By Stephany Nunneley

Cryptic’s parent company, Chinese online game developer Perfect World, has reported a rise in profits for the quarter of 587.7 million CNY ($92.1 million), which is up from 486.9 million CNY the prior year. The firm also reported an increase in revenues of 708.9 million CNY ($112 million), up from 579.2 million CNY yoy. All figures were in line with company guidance, reports Gamasutra. “While focusing on further enhancing the content of our portfolio is necessary for our healthy long-term growth, this decision did slow our revenues for the third quarter on a sequential basis. But our third quarter results still represent solid year-over-year revenue growth of 22.4%,” said according to chairman and CEO Michael Chi.