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Revenues of "Alibaba" jump 56% during the last quarter of 2017

2018-02-01 12:51 pm | Resource: News Section | No Views : 377

Revenues of "Alibaba" jump 56% during the last quarter of 2017

Alibaba posted profits, but came in fourth quarter of last year, while it jumped 56%.
The profit rose to 23.3 billion yuan (3.5 billion US dollars) in the three months to December, from 17.1 billion yuan in the same period in 2016, the company said in a statement on Thursday.
Earnings per share were $ 1.63, compared to expectations of $ 1.67.
The company's share price on the New York Stock Exchange ended Wednesday trading up 2.3% to $ 204.2.


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