10:47 - 16.05.2025
May 16, Fineko/abc.az. Alibaba increased its net profit in the 4th quarter by 3.8 times up to 12.38 billion yuans ($1.7 billion).
ABC.AZ informs that adjusted earnings per share reached 1.57 yuans against 1.27 yuans a year earlier.
Income increased by 7% up to 236.5 billion yuans, but fell short of the projected 237.9 billion yuans.
* Taobao and Tmall - 9% growth up to 101.4 billion yuans
* International e-commerce (AliExpress, Lazada, etc.) - +22%, up to 33.6 billion
* Cloud services - +18%, up to 30.1 billion
The company bought back $11.9 billion worth of shares over the year and approved $4.6 billion in dividends. ADS securities lose 5.4% on the premarket in New York.
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