Tencent Holdings’ revenue jumps 29% in the fiscal third quarter

Tencent Holdings Ltd. (HKG: 0700) said on Thursday that its net profit in the fiscal third quarter posted a massive 89% growth on a year over year basis. The company attributed its hawkish performance to better cost efficiency and robust demand for its gaming business that resulted in higher revenue. Tencent Holdings Ltd. closed the regular session about 1% up on Thursday. Shares of the company are now trading at £66.55 versus a much lower £38.52 per share in March when COVID-19 restrictions were at their peak. Tencent had started the year at a per-share price of £44. Trading stocks