Alibaba: 39.47 billion yuan net profit in first fiscal quarter, far higher than expected

Alibaba released its financial report, with revenue of 153.75 billion yuan in the first fiscal quarter and market expectations of 149.234 billion yuan, compared with 114.924 billion yuan in the same period last year.

Alibaba released its financial report yesterday, with revenue of 153.75 billion yuan in the first fiscal quarter and market expectations of 149.234 billion yuan, compared with 114.924 billion yuan in the same period last year.

Its first-quarter net profit was 39.47 billion yuan, and the market expected it to be 19.08 billion yuan, compared with 21.252 billion yuan in the same period last year.

Its adjusted earnings per share for the first fiscal quarter was RMB 14.82, and the market expected it to be RMB 13.79.

Its monthly active mobile users in the first quarter were 874 million, and the market was estimated at 871.3 million.

It is reported that Alibaba’s revenue increased by 34% year-on-year, and the monthly active users of the Chinese retail market increased by 28 million in a single quarter, reaching 874 million.

Alibaba: 39.47 billion yuan net profit in first fiscal quarter, far higher than expected

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/08/21/alibaba-39-47-billion-yuan-net-profit-in-first-fiscal-quarter-far-higher-than-expected/.

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