Amazon sees sales jump 20 per cent in surprise Q2 profit

The online giant has achieved net profits of $92 million compared to the loss of $126 million for the same period of last year.
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Amazon has reported a surprise second-quarter profit with a sale jump of 20 per cent, boosted by a strong US performance.

The online giant has achieved net profits of $92 million compared to the loss of $126 million for the same period of last year.

In North America sales have risen by 25.5 per cent, with international sales seeing an increase of three per cent.

Last month, the marketplace launched its Prime Day event, a challenger to the Black Friday sales event held in November. The success of the event saw its share price surge up to 19 per cent.

The firms end of Q2 results show a 20 per cent increase in sales, reaching $23.3 billion, higher than wall Street expectations.


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