Arab Today, arab today alibabas third quarter net profit rises 15 to 11bn
Last Updated : GMT 00:21:04
Arab Today, arab today
Arab Today, arab today

Alibaba's third quarter net profit rises 15% to $1.1bn

Arab Today, arab today

Arab Today, arab today Alibaba's third quarter net profit rises 15% to $1.1bn

Workers renovate a building at the Alibaba
New York - AFP

Chinese e-commerce giant Alibaba, which recently completed the world's biggest stock offering, said Tuesday its third quarter net profit rose by 15 percent to $1.1 billion.
The company said adjusted earnings per share, the benchmark used in the United States where Alibaba is listed, came in at 45 cents, a 9.4 percent increase which was in line with analyst expectations.

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