The quarterly financial results of the Chinese online retailer – Alibaba Group Holding exceeded analysts' expectations. The company's shares, on the eve of the trade opening, rose more than 5%.
China's largest online retailer in 2015 fiscal year, which ended March 31, 2016, increased its net profit in comparison with 2014 by 193%, to 71.3 billion Yuan, or $ 11.1 billion, according to the company statements. In the fourth fiscal quarter, the figure increased by 85% to $ 824 million.
The revenue of Alibaba for the year increased by 33%, to $ 15.7 billion, in the fourth quarter it rose 39%, to $ 3.7 billion (24.2 billion Yuan).
The analysts polled by Thomson Reuters I/B/E/S, expected the quarterly revenue of Alibaba to reach 23.22 billion Yuan. Thus, the company surpassed market expectations. This has spurred the growth of its shares in the primary trading on the New York Stock Exchange: one hour after the publication of the paper reporting, the price increased by more than 5%, breaking the mark of $ 80 per share.
"The Chinese consumers stimulate the national economy. If in 2015 people there were 423 million Chinese citizens who purchased through the Internet, then in March 2016 only on mobile application marketplaces of Alibaba were active 410 million users, "- said the executive director of Alibaba, Joe Tsai.
Total sales on Alibaba platforms for the fiscal year, increased by 27% to $ 485 billion, $ 314 billion came from sales through mobile devices.
The number of active customers of the Internet giant websites has increased as of March 31, 2016 to 423 million people, which is 21% more than in the fourth fiscal quarter of 2015, and 4% more than at the end of the previous three months. The mobile audience is growing year by year, even more rapidly - by 42%, to 410 million users, but in quarterly terms it increased at the same pace - by 4%.