Alibaba Group Holding Ltd increased revenue by 2% in the IV financial quarter

The net profit of companies made 3,42 billion dollars the Author: business portal "Kapital.kz" Chinese Internet giant of Alibaba Group Holding Ltd Ltd. recorded net profit in the IV financial quarter against a loss year before and increased revenue by 2%, writes information agency "Interfaks-Kazakhstan". As they say in the press release of companies, its net profit following the results of the quarter which has come to the end on March 31, made 23,52 billion yuans (3,42 billion dollars) in comparison with net loss in 16,24 billion yuans for the similar period year before. The profit counting on ADS made 9 yuans against a loss in 6,07 yuans a year ago. Profit without the single...