Ant Group quarterly profit down 91% to 1.2 billion yuan

Reuters

03/19

SHANGHAI, March 19 (Reuters) - China's Ant Group posted a 91% fall in net profit to 1.2 billion yuan in the three months to Sep 30, according to Reuters calculations based on Alibaba Group Holdings' 9988.HK earnings released on Thursday.

The e-commerce giant reports profit from Ant one quarter in arrears.

Both groups were co-founded by Chinese billionaire Jack Ma and Alibaba holds a 33% stake in Ant.

(Reporting by Casey Hall in Shanghai, Editing by Louise Heavens)

((casey.hall@thomsonreuters.com))

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(Reporting by Casey Hall in Shanghai, Editing by Louise Heavens) ((casey.hall@thomsonreuters.com))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-2","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}