Amazon makes surprise profit in second quarter

Friday, 23 October 2015

Amazon, the world's largest online retailer, reported a surprise profit of 92 million dollars in the second quarter, as its US sales are booming.

Total net sales for the company rose 23.2 percent to 25.36 billion dollars, which sent its shares soaring 10 percent higher.

Worldwide Sales in North America rose 28.3 percent to 15.01 billion dollars. Amazon has piled on revenue growth since it started up but only recently began making profits. Instead, the 20-year old Seattle-based company has reinvested profits in order to expand.

Amazon has made a strong growth forecast expected between 14-25 percent for the Christmas sales period.

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