Giant Interactive Group Inc Issues Q1 2013 Revenue Guidance In Line With Analysts' Estimates; Declares Cash Dividend

Giant Interactive Group Inc announced that for the first quarter of 2013, it expects total revenue to be approximately the same as total revenue for the fourth quarter of 2012. The Company reported revenue of $91.76 million in the fourth quarter of 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $93.48 million for the first quarter of 2013. The Company also announced a cash dividend of USD0.42 per ADS or ordinary share on its outstanding shares. The ordinary cash dividend is payable to shareholders of record at the close of trading on May 20, 2013 (Eastern Time). The total cash payment will be approximately USD100.5 million. Commencing in 2013, the Company intends to pay regular cash dividends semi-annually.