This excerpt taken from the PWRD 6-K filed Jun 13, 2008.
Perfect World Raises Guidance for the Second Quarter of 2008
Beijing China (June 13, 2008)Perfect World Co., Ltd. (NASDAQ: PWRD) (Perfect World or the Company), a leading online game developer and operator in China, today announced that it expects revenue for the second quarter of 2008 to be between RMB333 million and RMB348 million, which represents a sequential increase of 10% to 15%. This compares to the previously announced guidance of a 0% to 5% increase in revenue. Despite the impact of the Sichuan earthquake, the Company is able to raise guidance due to stronger than expected results from the launch of new expansion packs in the domestic market and favorable results from recent marketing campaigns.
Mr. Michael Chi, Chairman and Chief Executive Officer of Perfect World, commented, Our second quarter is tracking well and we believe our results will come in ahead of our previous expectations. Our powerful technology is allowing us to not only accelerate the game development cycle, but also the roll out of expansion packs that are designed to cater to changing customer preferences and market trends. Continued expansion and diversification of our game portfolio combined with our powerful game development platform and strong operation platform have helped us maintain our rapid pace of growth. We continue to effectively execute our growth strategies in an effort to deliver strong results and maximize shareholder value.