By Yifan Wang
NetEase Inc.'s third-quarter profit from continuing operations fell 27% on year while revenue grew.
Net profit from continuing operations was at 3.00 billion yuan, or US$441.6 million, compared with CNY4.13 billion a year earlier, the Chinese internet firm said on Thursday.
The decline was in part due to foreign-exchange losses of around CNY1.6 billion during the period, it said.
Revenue rose 27.5% to CNY18.7 billion, thanks to soaring sales at its online-education business.
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(END) Dow Jones Newswires
November 19, 2020 04:21 ET (09:21 GMT)Copyright (c) 2020 Dow Jones & Company, Inc.