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Alibaba's 4Q Profit Up 171 pct

1:53 pm on May 8, 2013 (gmt 0)

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China's Alibaba Group Holding Ltd posted a 171.1 percent jump in net profit in the fourth quarter as its revenue rose 84 percent, according to a regulatory filing by major shareholder Yahoo Inc.

For the quarter ending December 2012, net income attributable to Alibaba Group was $642.2 million while its revenue for the period was $1.84 billion, the filing said.

Yahoo, which owns about 24 percent of Alibaba, reported the privately held online shopping giant's results as part of a document filed to the U.S. Securities and Exchange Commission.Alibaba's 4Q Profit Up 171 pct [uk.reuters.com]