Chinese PC game publisher Giant Interactive (NYSE: GA) has announced its unaudited financials for FY13, the 12 months ending 31 December 2013.

Net revenue was $389 million, up 9.5 percent.

Net income was $207 million, up 26 percent.

New horizons

Primarily a PC client/online publisher, Giant has started releasing browser-based games; something it says is showing strong potential.

In terms of mobile games, it has its first title - Kung Fu BBQ - in testing for both iOS and Android. It expects a commercial release in April 2014, although originally had hoped to launch in 2013.

This will be followed by ZT Online Mobile, a mobile version of Giant's very successful PVP fantasy RPG.

"Mobile games have become a major strategic growth focus for us and we expect some of our prior investments will begin to bear fruit in 2014," said CEO Ms. Wei Liu.

"Our internally-developed mobile games will hit the market later this year.

"Our roadmap of mobile games under development has also become much wider, covering genres such as role playing games, side-scrolling action, tower defense, simulation, and real time strategy."

In or out?

Aside from its 2013 financials, the big ongoing question for Giant's management and shareholder is a proposal from its chairman and Barings Private Equity Asia to take the company private.

The all-cash deal - which is currently being considered - is priced at $11.75 per share, valuing Giant at $2.8 billion, a 2 percent premium to its current share price.

Giant ended the period with cash and equivalents worth $633 million.

[source: PRnewswire]