India, Nov. 10 -- Singapore-based technology company Sea Ltd. (SE) on Tuesday reported higher profit in its third quarter with increased revenues.
Further, the firm said its board of directors on Monday approved an additional $1.0 billion to its share repurchase authorization, without expiration.
In the previous $1 billion program, the company so far has repurchased 11.1 million shares for an aggregate amount of $997.2 million.
In its third quarter, the company's net earnings totaled $502.46 million, 34 percent higher than $374.99 million last year.
Earnings per share grew 32.2 percent to $0.78 from prior year's $0.59.
Adjusted EBITDA increased by 28.9 percent year-on-year to reach $931.3 million with strong growth in all segments. Sho...