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Ant Group quarterly profits rise 1% on year

Corporate EarningsCompany Fundamentals
Ant Group quarterly profits rise 1% on year

Ant Group’s quarterly profit rose 1% year-on-year to about 4.7 billion yuan (around $698 million) for the quarter ended June 30, per Reuters calculations from Alibaba’s filing. The modest growth suggests limited near-term upside and is unlikely to be a major market-moving catalyst on its own.

Analysis

Ant Group’s quarterly profit rose 1% year-on-year to about 4.7 billion yuan (around $698 million) for the quarter ended June 30, per Reuters calculations from Alibaba’s filing. The modest growth suggests limited near-term upside and is unlikely to be a major market-moving catalyst on its own.

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