Amazon posted drop in profits and may face loss

Note: This section contains information in English only.
Source: BBC
Amazon announced an essential decline in net income and warned of probable loss this year. Net income for Q4 of 2011 achieved USD 177 million as compared to USD 416 million in the preceding year. The decline appeared despite sharp growth in revenues that increased by 35% to USD 17.43 billion last year. Following the announcement, the company's shares lost over 8% to trade at USD 177.50.


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Wed, 01 Feb 2012 09:11:56 GMT

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