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
Estimates:
Alibaba RMB 622 million
Goldman RMB 947 million
Cazenove RMB 889 million
http://biz.yahoo.com/rb/080318/alibaba_results.html?.v=3
http://www.reuters.com/article/marketsNews/idCNTHKG29845320080318?rpc=44
Actually remarkable margins when compared to the competition.
Sent via BlackBerry.
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