Home Alibaba growth continues with sales up 42% in June quarter
 

Keywords :   


Alibaba growth continues with sales up 42% in June quarter

2019-08-15 15:43:00| Telecompaper Headlines

(Telecompaper) Alibaba reported a strong increase in profits and 42 percent growth in revenues in the company's fiscal first quarter to June, showing little impact from the slowing Chinese economy. Sales rose 42 percent year-on-year to CNY 114.9 billion (USD 16.7 billion), adjusted EBITDA increased 34 percent to CNY 39.2 billion, and net profit jumped to CNY 21.3 billion from CNY 8.7 billion a year ago.

Tags: june sales growth continues

Category:Telecommunications

Latest from this category

All news

»
23.11PlayStationVitaPCH-2000
23.11GB
23.11 Malbon
23.11PING PEARL GATES
23.11WATCH
23.11L
23.11Tetsuya_SP2 DMC
23.116
More »