Alibaba (HKG:9988) saw a 52% decline in attributable net income for the three months ended Sept. 30 to 21 billion yuan from 43.9 billion yuan in the year-ago period, a Tuesday filing with the Hong Kong bourse said.

Earnings per share stood at 1.09 yuan in the quarter, down from 2.27 yuan in the corresponding period of the last fiscal year.

Revenue jumped 5% to 247.8 billion yuan in the three months from 236.5 billion yuan a year prior.

The lower profit was mainly due to a decrease in income from operations.

For the six months ended Sept. 30, attributable net income was 64.1 billion yuan, down from 68.1 billion yuan a year prior.

Revenue for the half year jumped 3% year over year to 495.4 billion yuan from 479.7 billion yuan a year prior.