Tuesday, March 18, 2008

Alibaba beats all estimates

This from my colleague Mark Cochrane. It seems that they have beaten all the profit estimates and turned in very good margins.

Let's see how much of a boost that gives them tomorrow:

Net profit: RMB 967.8 million (US$137 million)
Up 340% year on year
Revenues RMB 2.16 billion (US$278 million


Alibaba RMB 622 million
Goldman RMB 947 million
Cazenove RMB 889 million



Actually remarkable margins when compared to the competition.
Sent via BlackBerry.

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