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Alibaba Health turns 278 million yuan in mid-term without dividends

2020-11-26T22:40:37.255Z

Alibaba Health (0241) announced its interim results as of the end of September this year. During the period, it turned from a loss to a profit and earned 278 million yuan (RMB ‧ the same below) without dividends. Revenue was 7.162 billion yuan, an increase of 74% year-on-year; adjusted profit was 4



Financial News

Written by: Zhang Weilun

2020-11-26 08:00

Last update date: 2020-11-26 08:00

Alibaba Health (0241) announced its interim results as of the end of September this year. During the period, it turned from a loss to a profit and earned 278 million yuan (RMB ‧ the same below) without dividends.

Revenue was 7.162 billion yuan, an increase of 74% year-on-year; adjusted profit was 436 million yuan, an increase of 286.4% year-on-year.

The company pointed out that it achieved a turnaround during the period, and the number of users in a number of businesses has grown rapidly. It completed the acquisition of the pharmaceutical category e-commerce platform business from Ali JK Nutritional Products Holding Limited in April this year, and the rapid growth of pharmaceutical self-operated business income and gross profit , And efficiency improvement and cost optimization promoted by economies of scale.

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Source: hk1

All news articles on 2020-11-26

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