JD.com's revenues jump 26.6% to $24.5B in Q4

Monday, 02. March 2020 11:04

JD.com Inc. said on Monday its revenues jumped 26.6% year on year to $24.5 billion in the fourth quarter of 2019, thus topping market estimates. Net income attributable to ordinary shareholders amounted to 500 million improving from a net loss of 690 million posted in the same period a year earlier, while diluted earnings per share amounted to $0.35.

For full fiscal 2019, the Chinese e-commerce giant's revenues rose 24.9% to $82.9 billion and net income stood at $1.8 billion. The number of annual active customer accounts reached 362 million in 2019, surging 18.6% from the previous year.

"We achieved robust top-line growth for the fourth quarter as Chinese consumers increasingly associate the JD brand with trust and reliability," CEO Richard Liu said and added the company has taken a number of steps to help China fight the outbreak of the coronavirus COVID-19, including providing medical supplies and facilitating relief organizations to maintain continuous supply to hospitals in the Hubei province.

JD.com shares soared over 8% in premarket trading on better-than-expected results.

Related Links: JD.com Inc.
Author:
Breaking the News / NP