Tuesday , November 24 2020

Chinese Alibaba biannual profit



Chinese e-commerce giant Alibaba posted net attributable profit of 28.718 billion yuan in the first six months of the fiscal year, down 11.2 percent from the same period last year. , according to the company, which even revised down its revenue forecast for the entire fiscal year.

Alibaba's revenues in the first half of its fiscal year totaled 166,068 million yuan (21,101 million euros), an increase of 57.7% over the same period last year.

In the second quarter of its fiscal year, Alibaba posted attributable net profit of 20.033 billion yuan (2.545 billion euros), up 13.4% from the previous year, while sales increased 54.5% to 85,148 million of yuan.

For its part, the Chinese company reported that the number of active users per year in its retail sites in China reached 601 million in June 2018, representing an increase of 25 million in 12 months while the number of mobile users The assets in Retail sites in China rose to 666 million in September, a quarterly increase of 32 million.

Down

For the fiscal year as a whole, Alibaba has revised down its revenue forecast, which is now in the range of 375,000 to 383,000 million yuan (47,649 and 48,660 million euros), which represents a downward adjustment of between 4 and 6%, compared to its previous forecast. (Expansion / Spain and agencies)

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