Amazon profits climb as cost cutting pays off
In the quarter ending June 2023, Amazon reported a net income of $6.7bn (£5.2bn), as compared with the net loss of $2bn (£1.57bn) the business reported at the same time last year.
Net sales increased by 11% to $134.4bn (£105.6bn) as compared with $121.2bn (£95.3bn) in the second quarter of 2022.
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