August 11, 2011 06:51 AM Eastern Daylight Time
Healthy growth in performance and transaction-based services enhance customer value as transition to improved business model continues
Surge in website traffic of international marketplace demonstrates initial success of enhanced trust and safety measures
Highlights
- Total first-half 2011 revenue grew 22 percent y-o-y to RMB3,156 million (US$485.5 million); Q2 revenue grew 19 percent y-o-y.
- EBITA margin before share-based compensation expense for the first half of 2011 remained strong at 37 percent, up two percentage points y-o-y; while that of Q2 remained stable at mid- thirty percent.
- Profit attributable to equity owners for the first half of 2011 increased 32 percent y-o-y to RMB917 million (US$141.1 million); profit attributable to equity owners for Q2 increased 28 percent y-o-y.
- Healthy growth of Value-Added Services (“VAS”) revenue and satisfactory progress in AliExpress and Wu Ming Liang Pin (to be rebranded as Liang Wu Xian 良無限) contributed to a more balanced revenue mix.
- Diluted earnings per share for the first half of 2011 grew 38 percent; while that of Q2 grew 33 percent y-o-y.
- Number of buyer complaints significantly declined by 70 percent since February 2011 as a result of our enhanced trust and safety efforts since the beginning of the year.
- Strong balance sheet and liquidity with cash and bank balances of RMB10.1billion (US$ 1,555.6 million) as of June 30, 2011.
- Continue to collaborate with other Alibaba Group companies to enhance user experience as well as trust and safety on our platforms.
HONG KONG--(BUSINESS WIRE)--Alibaba.com Limited (HKSE:1688) (1688.HK), the world’s leading small business e-commerce company, today announced unaudited interim financial results for the three months and half-year ended June 30, 2011. Alibaba.com’s results reflected the Company’s strategy to focus on creating more value for our existing customers with enhanced products, services, and trust and safety initiatives, rather than accelerating new customer acquisition. Half-year revenue grew 22 percent year-on-year, which drove a year-on-year diluted EPS growth of 38 percent. Profit attributable to equity owners in the first half of 2011 grew 32 percent year-on-year. read more
