Skip to content
Arab News Express
Menu
  • General
  • Economy
  • Medicine
  • Governance
  • Human Rights
  • Sports
  • Science
  • Culture
  • Press Releases
Menu

Amazon Announces Sharp Drop in Profits — Finspreads

Posted on January 31, 2013 by Web Desk

LONDON–(Marketwire – January 30, 2013) – Finspreads: Online retail giant Amazon has announced a sharp fall in profits in its latest quarterly figures.

Net income for the last three months of 2012 stood at $97 million (£61.5 million), a sharp drop compared to the $177 million figure notched up during the same period in 2011.

The retreat in profits came despite an increase in revenue, which was up 22 per cent from $17.43 billion to $21.27 billion.

Jeff Bezos, founder and chief executive, says the figures are a cause for optimism.

He said: “We’re now seeing the transition we’ve been expecting.

“After five years, e-books is a multi-billion dollar category for us and growing fast — up approximately 70 per cent last year.”

Amazon’s shares on the Nasdaq slipped during trading yesterday January (29th), falling by 5.68 per cent.

But investors seemed to show more faith in the company during after-hours trading, with Amazon’s shares shooting up by 8.91 per cent.

Some analysts have attributed the company’s rise after the bell to its 56 per cent increase in operating revenue, which some claim has increased the level of confidence amongst investors.

Learn about the markets and find spread betting tips at Finspreads.

About Finspreads:

Our financial Advantage Web online trading platform and iPhone App have been designed to offer maximum stability and security, so you can take advantage of fast moving market prices and enjoy trading flexibility even when you’re on the move.

Advantage Web has been designed specifically with you in mind, offering new trading tools and usability features so you can get the most out of the markets. But what are the key benefits of Advantage Web as compared to the old online trading platform?

The Finspreads App for iPhone and iPod touch is our highly intuitive trading App that is designed to help you access your spread betting account no matter where you are and at any time of the day.

Your losses are magnified in exactly the same way as your gains if the market moves against you and can result in losses exceeding your initial outlay. Please ensure you fully understand the risks involved.

Contact:
Joshua Raymond
Finspreads
+44(0)20-7107-7002
joshua.raymond@cityindex.co.uk

News Search

Recent Posts

  • Innovations improve field productivity and subcontractor management for better cost and schedule certainty January 31, 2023
  • Egyptian Parliament accuses Transportation Ministry of corruption on Talgo deal January 31, 2023
  • Emigration minister, Kazakh ambassador discuss cooperation January 31, 2023
  • Grateful for the warm welcome to “Umm al-Dunya”: Blinken January 31, 2023
  • In a first, Egypt’s Orthodox Church holds mass for Christians in Saudi Arabia January 31, 2023
  • Intelligence Chief conveys message from president Sisi to Palestinian counterpart January 31, 2023

Advertisement

Calender

February 2023
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728  
« Jan    

Pages

  • About Us
  • Arab News Express
  • Contact Us
  • Submit a Release

Advertisement

Navigation Menu

  • Home
  • About Us
  • Contact Us
  • Submit a Release
  • Sitemap

Monthly Archives

Search

We are the leading news website that caters to the overall political, economical issues of the Arab World and that is what we are for. Currently the Arab World is in the limelight because of its uncertain political and economical situation.
Read More

©2023 Arab News Express | Design: Newspaperly WordPress Theme