Alibaba profit for the year increased by almost three times

The largest Chinese online retailer Alibaba Group Holding in fiscal year 2015, which ended on March 31, 2016, increased its net profit compared with 2014, by 193%, to 71.3 billion yuan, or $11.1 billion, follows from the statements of the company. In the fourth financial quarter, the index rose 85%, to $824 million.

Alibaba’s revenue for the year increased by 33%, to $15.7 billion, in the fourth quarter by 39%, to $3.7 billion (24.2 billion yuan). Particularly strong in the last three months grew mobile revenue from the Chinese online-retail — by 149%, to more than $2 billion.

Analysts polled by Thomson Reuters I/B/E/S had expected quarterly revenues of Alibaba reaches of 23.22 billion yuan. Thus, the company surpassed market expectations. This has spurred the growth of its shares on the prior trading on the new York stock exchange: in the hours since the publication of the paper statements have increased in price more than 5%, crossing $80 apiece.

Cumulative sales on Alibaba’s platforms for the financial year increased by 27% to $485 billion, $314 billion had on sale via a mobile device.

The number of active buyers on the websites of the Internet giant rose as at 31 March 2016 of up to 423 million, a 21% more than at the end of the fourth fiscal quarter of 2015, and 4% more than in the previous three months. Mobile audience year to year is growing at an even higher rate — by 42%, to 410 million users, however in quarterly terms, increases at the same rate — 4%.