Date: 4 months ago   Category: Internet

The quarter profit of Alibaba has decreased by 45% — to $1,15 billion — Rambler News Service


The net profit of Alibaba following the results of the I quarter 2019 financial years which has come to the end on June 30, 2018 has decreased by 45% in comparison with the same period of last year — from 14 billion ($2,04 billion) yuans to 7,65 billion yuans ($1,15 billion), follows from financial statements of the company. The net profit falling on shareholders has in turn decreased by 41%, to 8,68 billion yuans ($1,31 billion). The consolidated revenue of the company has increased by 61%, to $12,22 billion. Operating profit has also grown by 54% and has made $1,21 billion. The indicator of EBITDA has increased by 17%, having made $4,43 billion. The Chinese Internet holding Alibaba Group operates the trade Taobao.com, AliExpress and Tmall.com online platforms. The holding also possesses AliPay payment service provider. In Russia Alibaba is presented by AliExpress online store.

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