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Sales and profits soar at Amazon

Amazon’s global sales jumped 31.1% to $30.40bn (£23.1bn) in the second quarter, as net profit increased by 89% year on year to $857m (£651m).

The etailer more than doubled its operating margin compared with the same period last year to 4.2%, as operating profit was up 64% to $1.3bn (£986) year on year.

Amazon said it expects sales of between $31bn (£23bn) and $33.5bn (£25.4bn) in the current quarter, compared to Wall Street’s expectations of $31.6bn (£24bn).

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