JD.com revenues jump 23% in Q2 to $21.9B

Tuesday, 13. August 2019 12:52

Chinese e-commerce giant JD.com Inc. reported a 22.9% increase in revenues annually in the second quarter of 2019. In a release on Tuesday, the company added that diluted earnings per share (EPS) improved 123.37% year-over-year from to reach $0.05 in the same period.

The number of annual active customer accounts reached 321.3 million in the year through June, up by 10.8 million compared to the 12 months through March, the results showed. Meanwhile, operating cash flow more than doubled to stand at $4.6 billion.

"JD.com delivered robust growth in the second quarter across our key metrics of revenue, profitability, cash flow and customer base. Our economies of scale and innovative technologies are driving operating efficiency and further strengthening our business model. Looking ahead, we will continue to invest in user experience and our talented workforce to further grow the business and create value for all of our stakeholders," said CFO Sidney Huang.

Stocks surged 6.33% in premarket trade as the results were out.

Related Links: JD.com Inc.
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Breaking the News / NI