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

»
05.11Registration Now Open for RadTech 2025
05.11Atlantic Tropical Weather Outlook
05.11Eastern North Pacific Tropical Weather Outlook
05.11Tropical Storm Rafael Graphics
05.11Tropical Storm Rafael Public Advisory Number 7A
05.11Summary for Tropical Storm Rafael (AT3/AL182024)
05.11Vodafone-Three merger could get green light, watchdog says
05.11Altice USA residential video RGUs down 77,000 in 3Q 2024
More »