Amazon’s quarterly profit rockets tenfold to US$2.9bn

Amazon reported on Thursday that its profit in the recently-ended quarter rocketed to US$2.9 billion in a ten-fold increase from the same period last year.

Net sales at the e-commerce colossus climbed to US$56.6 billion in the third quarter, a 29 percent increase from the US$43.7 billion in sales reported in the third quarter in 2017.

Source: Arabian Business

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