Alibaba achieved 37% of profits over 2018
The company managed to raise about 11,378 million dollars during the last fiscal year which ended on March 31st
The Chinese e-commerce company Alibaba obtained a profit of 11,378 million dollars in its last fiscal year which ended on March 31st.
This figure represents an increase in revenues of 37% compared to what was achieved in 2018.
The gross operating profit of the company increased 15%, to approximately 15,000 million dollars, the company said in a statement.
“We have achieved another excellent fiscal year, led by an annual revenue growth of 51%. Without the effects of the consolidation of acquired businesses, revenues would have increased 39% year-on-year,” explained the company’s financial director Maggie Wu .
However, the report indicates that operating revenues, on the other hand, fell 18% year-on-year to approximately 7,000 million dollars.
The active consumers of Alibaba grew by 102 million people in the last fiscal year, on March 31st 2018, to reach 654 million users.
K. Tovar
Source: Bancaynegocios
