Alibaba's Profit Soars 279% in January-March

MT Newswires Live

05-15

Alibaba's (HKG:9988) net income attributable to ordinary shareholders surged 279% to 12.4 billion yuan in the quarter ended March 31 from 3.27 billion yuan in the year-ago period, the e-commerce giant said Thursday.

Earnings per share soared 296% to 0.65 yuan from 0.16 yuan in the prior-year period.

Revenue for the quarter grew 7% year on year to 236.5 billion yuan from 221.9 billion yuan, it said.

Alibaba declared a two-part dividend of $0.25 per ordinary share or $2 per American depositary share.

The dividend comprises an annual regular cash dividend of $0.13125 per ordinary share or US$1.05 per ADS, and a one-off extraordinary cash dividend from the distribution of proceeds from the sale of certain businesses of $0.11875 per ordinary share or US$0.95 per ADS.

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