Alibaba.com Limited (HKSE: 1688), a B2B e-commerce company, today posted financial results for the quarter ended September 30, 2008. The company also announced a share repurchase program of up to HK$2 billion (approximately US$258 million) through the end of 2009.
Alibaba Third Quarter 2008 Highlights:
- Delivered revenue and profit growth with total revenue of RMB780.2 million, an increase of 37% year-on-year; EPS (diluted) of 6.96 Hong Kong cents, up 57% year-on-year; and net income of RMB308.6 million, an increase of 49% year-on-year.
- Added 3.1 million registered users, 393,142 storefronts and 30,345 paying members during the quarter.
- Increased penetration of domestic online trade continued to drive revenue from its China marketplace, which grew 79% year-on-year and contributed 38% of total revenue in the third quarter, compared to 29% a year ago.
Alibaba.com had 398,351 paying members as of September 30, 2008, representing a 46% increase from the third quarter of 2007 and an 8% increase from the second quarter of 2008.
As a result of the higher number of paying members, Alibaba.com reported total revenue of RMB780.2 million in the third quarter of 2008, up 37% from the same period of 2007 and 6% from the second quarter of 2008.
Posts
0 comments:
Post a Comment