Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Amazon profits almost double

Operating income at online giant Amazon jumped 89% to $4.4bn (£3.4bn) for the 13 weeks to March 31, as it plans to half delivery time for Prime customers. 

Net sales increased by 17% to $59.7bn (£46.2bn) compared with the same period last year. 

Amazon will spend $800m (£620m) in this quarter to half delivery speed for US Prime members, from two days to one. Prime customers are charged monthly and annual fees for delivery discounts and access to music and video content.  

One day and same day delivery is already offered to UK Prime customers in eligible catchment areas.

During the quarter, Amazon announced plans to create 1,000 full-time apprenticeship roles in the UK over the next two years. The strategy will add over 27,500 permanent employees to the UK workforce. 

In April, Amazon announced that it would be shutting its Chinese marketplace

The online giant also launched Amazon Amplify - an initiative to increase the number of women in technology and innovation roles across its UK business. 

Operating income is expected to be between $2.6 billion (£2bn) and $3.6 billion (2.8bn), for the second quarter of 2019. 

Tags

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.