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Alibaba opg profit falls on option costs, revenues up 28%
2015-08-12 15:06:00| Telecompaper Headlines
(Telecompaper) Alibaba Group reported second-quarter revenues up 28 percent year-on-year to CNY 20.25 billion. The company saw the amount of merchandise sold on its Chinese e-commerce platforms grow by 34 percent year-on-year and 12 percent compared to the first quarter to CNY 673 billion. Purchases over mobile devices grew even faster, more than doubling compared to the same period of 2014 to CNY 371 billion. Monthly active users of its sites were up 63 percent year-on-year to 307 million, and the number of active buyers in the past 12 months rose 32 percent to 367 million. The company increased adjusted EBITDA 23 percent year-on-year to CNY 10.59 billion, but operating profit was down 25 percent to CNY 5.16 billion due to the costs of stock options. Alibaba said that excluding the cost of stock-based compensation, its operating profit would have increased 16 percent in the period. Net profit still more than doubled, to CNY 30.82 billion from CNY 12.44 billion a year ago, due to a one-time gain of CNY 24.73 billion from spinning off its films business Alibaba Pictures.
Bjorn Borg H1 profit and sales fall
2015-08-12 13:02:00| Daily apparel & textile news and comment - from just-style.com
Swedish underwear brand Björn Borg reported declines in both net profit and sales during the first half, due to weak comparisons on last year.
Aeffe to identify growth opportunities as H1 profit slides
2015-08-12 12:54:00| Daily apparel & textile news and comment - from just-style.com
Italian luxury apparel and footwear business Aeffe has said it will look to identify long-term growth opportunities, after seeing its first-half profit slide.
Tags: growth
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profit
Car Sales meets expectations with profit rise, declares special dividend
2015-08-12 07:16:13| Auto Dealers - Topix.net
CarSales.com has declared a record result and a special dividend despite "a year full of challenges for the Australian economy". The auto sales website met the market's expectations by reporting net profit rose 8 per cent to $103 million for the full year.
Fossil ekes out a profit rise, but sales hit by the strong dollar
2015-08-12 02:48:42| Jewelry - Topix.net
A close-up of a wall made up of collectible tins that Fossil fashion watches came in over the years. The wall is located inside the lobby of Fossil's headquarters in Richardson, Texas.
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