During the first quarter of 2011, total revenue stood at $62 million, increasing 33% over the first quarter of 2011. Net income for the period stood at $40 million, up 42% over the first quarter of 2010.
Gross profit was $52 million, increasing 31% over the first quarter of 2010. Gross margin for the quarter was 84%.Commenting on the profitability, Yuzhu Shi, Giant's CEO, said, "While we continue to invest in the development of our game pipeline and seek overseas licensing opportunities, we have maintained a strict focus on cost controls, which has directly benefited our bottom-line. Supported by the growing popularity of ZT Online 2 and continued execution on the development front, we expect our positive momentum to continue throughout the second quarter of 2011." Analysts project an upside of 37% over the next one year.