Amazon profits double and sales surge in ‘highly unusual’ quarter

Bezos, Jeff

Amazon has doubled its income in its second quarter despite ploughing $4bn into Covid-19-related costs.

The online retail giant posted net income of $5.6bn (£4.3bn) in the quarter to June 30, up from $2.6bn the previous year.

Net sales climbed 40% to $88.9bn (£67.7bn) during the period driven by third-party sellers and Amazon online grocery sales, which tripled year on year.

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