Amazon beats Covid-19 pandemic woes, clocks $345-million profit

Topics Amazon | Coronavirus | Lockdown

Amazon clocked a profit of $345 million in its international business, helped by an increasing number of people buying online. The e-commerce giant is witnessing such profits in its global business for the first time, as the past few quarters had reported losses.  Amazon’s net sales increased 40 per cent to $88.9 billion in the second quarter, compared with $63.4 billion in second-quarter 2019. Despite the pandemic, Amazon’s net income doubled to $5.2 billion in the second quarter, compared with net income of $2.6 billion in the same period in 2019.  “Th.....

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