Amazon reports net loss of US$39m last year

Amazon.com, Inc. in its statement announced that its last year net sales increased 27 per cent to US$61.09 billion (RM187.56 billion) from US$48.08 billion (RM147.62 billion) in 2011. However, its operating income decreased 22 per cent to US$676 million (RM2,075.51 million), compared with $862 million (RM2,646.39 million) in 2011. The unfavorable impact from year-over-year changes in foreign exchange rates throughout the year on operating income was US$14 million (RM42.98 million). Amazon also said the company experienced net loss of US$39 million (RM1,119.73 million) in 2012, or US$0.09 (RM0.28) per diluted share, compared with net income of US$631 million (RM1,937.18 million), or US$1.37 (RM4.21) per diluted share, in 2011.

by Alice Lee

Author: VSDaily Editor

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