UPDATE 1-Perfect World Q1 rev jumps, sees weak Q2 sales
* Q1 rev $91.6 mln, up 47 pct
* Q1 profit $0.84/ADS
* Sees Q2 rev flat to mildly down sequentially
May 17 (Reuters) - Chinese online game developer Perfect World Co Ltd (PWRD.O) posted a jump in quarterly revenue, helped by strong demand for its games, but forecast weak second-quarter revenue.
The company, whose self-developed portfolio includes its namesake game and "Legend of Martial Arts," forecast second-quarter revenue to be flat to mildly down on a sequential basis.
The outlook takes into account deceleration of some in-game promotions and monetization activities and the impact of suspending game services on April 21, which was the national day of mourning for earthquake victims in Yushu, Qinghai Province.
Analysts on average, expected second-quarter revenue of $98.4 million, according to Thomson Reuters I/B/E/S. Net income attributable to the company's shareholders was $44.7 million, or 84 cents per American depository share (ADS).
Excluding special items, the company earned 90 cents per ADS.
Revenue jumped by 47 percent to $91.6 million, the company said. Online game operation revenue rose 47 percent to $83.5 million.
Analysts were looking for earnings of 84 cents a share, on revenue of $92.9 million.
The company's shares, which have risen 80 percent over the last one year, closed at $32.94 Friday on Nasdaq. (Reporting by Saqib Iqbal Ahmed in Bangalore; Editing by Aradhana Aravindan)
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