Alibaba Holding Co., Ltd.*** announced its half-year results for the year ended September 30, 2023.
According to Alibaba's figures, as of September 30, 2023, its revenue was 4,5894.6 billion yuan, an increase of 11% over the same period last year;Operating profit was 760$7.4 billion, an increase of 52 percent over the same period last year. After deducting other financial performance for the six months ended in September, 690.1 billion yuan, operating profit increased by 38% over the same period last year, largely due to revenue growth and operational efficiency improvement.
Alibaba's adjusted EBIT for the quarter was 20% higher than the year-ago quarter to 1,0128.9 billion yuan, adjusted diluted pre-tax income increased by 25% from the same period last year to 882$1.6 billion. Compared to the same period last year, the first half of the year was 21Net loss of RMB6.9 billion, mainly due to a decrease in Alibaba's fair net loss on equity in listed companies, while operating profit increased.
Net cash flow from Alibaba's operating activities was 9453.7 billion yuan, or about 12.9 billion$5.7 billion. Free cash flow was 8430.9 billion yuan, compared to 578 in the first quarter of 20228.2 billion yuan, an increase of 46%.