Shanda Gaming shares plunged 17.65% to 52-week lows in Monday

&http://www.aliyun.com/zixun/aggregation/37954.html ">nbsp; Beijing Time March 2 news, Shanda games due to poor earnings, share prices tumbled 17.65% in Monday, the 6.81 U.S., a 52-week low.

Shanda Game Sunday released the 09 fourth quarter and the full year earnings show, in the fourth quarter ended December 31, Shanda Game net revenue for the quarter was 1.3362 billion yuan (about 195.7 million U.S. dollars), compared to the same period last year 958.4 million Yuan growth 39%, It grew by 5% from 1.272 billion yuan in the previous quarter. Shanda's operating profit for the quarter was 481.6 million yuan (about 70.5 million U.S. dollars), up 14% from the previous quarter and 33% per cent year-on-year. Shanda Game net profit for the quarter was 415.2 million yuan (about 60.8 million U.S. dollars), an increase of 44% per cent, up 13% from the previous quarter. Grand Game the last quarter of the United States depository receipts in the U.S. receipts for a thin 1.44 yuan (about 0.20 U.S. dollars), the previous quarter for the renminbi 1.32 yuan, the same period of the year was 1.04 yuan.

Shanda Games also announced that the stock market board has approved a stock repurchase plan. According to the plan, the company has authorized in the next 24 months, according to market conditions, stock prices and other factors, and in accordance with the relevant U.S. securities regulations to repurchase value of up to 150 million U.S. dollars in the external circulation of the United States depository receipts.

Shanda Gaming shares tumbled 17.65% in Monday, to 6.81 in the United States. In the past 52 weeks, Shanda's share price was at $6.81 trillion, up from $13.00.