amwalalghad :: Alibaba.com Profit 25% Lower

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National Real Estate Bank for    18.12        Palm Hills Development Company   2.34        Modern Company For Water Proof   1.72        El Ezz Porcelain (Gemma)   3        Acrow Misr   20.6        ARAB POLVARA SPINNING & WEAVIN   3.04        T M G Holding   4.15        Sharkia National Food   5.24        Pioneers Holding   4.08        Egyptian Iron & Steel   10.83        Canal Shipping Agencies   12.75        Medinet Nasr Housing   23.87        Egyptian Kuwaiti Holding   1.09        Sidi Kerir Petrochemicals   12.79        Raya Holding For Technology An   5.46        Egyptian Financial Group-Herme   9.76        National Development Bank   8.14        Orascom Telecom Holding (OT)   4.7        Cairo Development and Investme   16.33        General Company For Land Recla   28.67        Arab Cotton Ginning   3.63        Misr Conditioning (Miraco)   55.67        Delta Sugar   12.1        Misr Oils & Soap   12.01        Ismailia Misr Poultry   3.97        GMC GROUP FOR INDUSTRIAL COMME   2.09        Egyptian Chemical Industries (   10.71        Egyptian Financial & Industria   9.47        Egyptian Media Production City   3.19        Delta Construction & Rebuildin   5.89        Universal For Paper and Packag   7.07        Commercial International Bank    34.34        Egyptian Transport (EGYTRANS)   10.73        Remco for Touristic Villages C   2.29        Egyptian for Developing Buildi   10.64        Telecom Egypt   13.61        El Kahera Housing   6.33        Citadel Capital - Common Share   3.54        Misr Chemical Industries   6.67        Rakta Paper Manufacturing   7.11        International Agricultural Pro   3.02        El Shams Housing & Urbanizatio   3.39        United Arab Shipping   0.65        Ceramic & Porcelain   4.05        Six of October Development & I   20.91        El Arabia for Land Reclamation   19.08        Mena Touristic & Real Estate I   1.75        Faisal Islamic Bank of Egypt -   7.09        Oriental Weavers   21.95        Giza General Contracting   17.62        Union National Bank - Egypt "    4.78        El Nasr Clothes & Textiles (Ka   0.66        Ezz Steel   10.08        South Valley Cement   4.17        Heliopolis Housing   21.82        Orascom Construction Industrie   239.76        Misr Duty Free Shops   3.38        Egyptian for Tourism Resorts   0.94        Egyptian Company for Mobile Se   127.75        Suez Canal Bank   4.47        El Ahli Investment and Develop   7.58        Egyptian Starch & Glucose   7.5        Export Development Bank of Egy   6.02        Egyptians Housing Development    2.98        Egypt for Poultry   2.1        Maridive & oil services   1.07        Upper Egypt Contracting   1.09        Nasr Company for Civil Works   22.92        Samad Misr -EGYFERT   5.45        Egyptian Real Estate Group   11.52        Alexandria Spinning & Weaving    1.07        Gharbia Islamic Housing Develo   13.97        Upper Egypt Flour Mills   50.49        National Societe Generale Bank   27.96        Egyptians Abroad for Investmen   4.44        Egyptian Gulf Bank   1.42        Credit Agricole Egypt   10.99        Minapharm Pharmaceuticals   27.02        Suez Cement   22.85        El Ahram Co. For Printing And    12.68        Arab Aluminum   28.7        Engineering Industries (ICON)   4.8        National company for maize pro   15.2        National Housing for Professio   20.1        United Housing & Development   9.25        Gulf Canadian Real Estate Inve   28.34        Egyptian Saudi Finance Bank   13.43        Arab Valves Company   1.53        Cairo Pharmaceuticals   19.7        Northern Upper Egypt Developme   7.97        Sinai Cement   19.49        Lecico Egypt   7.72        Kafr El Zayat Pesticides   26.76        Asek Company for Mining - Asco   9.42        Abou Kir Fertilizers   136.25        Middle & West Delta Flour Mill   32.33        Sues Canal Company For Technol   12.74        Cairo Poultry   9.15        Arab Real Estate Investment (A   0.48        Extracted Oils   0.81        Misr Beni Suef Cement   45.08        Ismailia National Food Industr   8.58        Nozha International Hospital   32.1        Assiut Islamic Trading   5.78        Alexandria Containers and good   91.05        Rowad Tourism (Al Rowad)   7.81        Arab Ceramics (Aracemco)   27.13        Alexandria Mineral Oils Compan   67.53        Naeem Holding   0.23        ELSWEDY CABLES   20.01        Mansourah Poultry   15.83        Arab Gathering Investment   26        Natural Gas & Mining Project (   73.83        Cairo Investment & Real Estate   14.03        Egyptian Real Estate Group Bea   24.86        Egyptian Electrical Cables   0.68        TransOceans Tours   0.11        Middle Egypt Flour Mills   7.31        North Cairo Mills   16.59        El Arabia for Investment & Dev   0.46        EL Ezz Aldekhela Steel - Alexa   486.34        El Nasr For Manufacturing Agri   14.15        Zahraa Maadi Investment & Deve   51.23        Misr Cement (Qena)   68.67        Torah Cement   27.48        Housing & Development Bank   15.51        El Kahera El Watania Investmen   7.12        Naeem portfolio and fund Manag   2.29        Eastern Tobacco   100.01        Orascom Development Holding (A   3.84        Prime Holding   1.33        Faisal Islamic Bank of Egypt -   43.5        Al Arafa Investment And Consul   0.2        Golden Textiles & Clothes Wool   6.73        Delta Insurance   6.01        Cairo Oils & Soap   16.79        Alexandria Flour Mills   16.06        Paint & Chemicals Industries (   41        East Delta Flour Mills   32        El Nasr Transformers (El Maco)   7.72        El Watany Bank of Egypt   17.15        Modern Shorouk Printing & Pack   9.43        Egypt Aluminum   16.09        International Co For Investmen   25.19        Development & Engineering Cons   9.68        GB AUTO   27.11        Egyptian Arabian (cmar) Securi   0.5        Sharm Dreams Co. for Tourism I   7.29        Glaxo Smith Kline   9.46        Alexandria Cement   12.14        El Obour Real Estate Investmen   7.01        National Cement   11.82        El Arabia Engineering Industri   16        Misr Hotels   30        Alexandria National Company fo   8.55        Nile Pharmaceuticals   18.53        Al Moasher for Programming and   1.11        UTOPIA   7.25        Barbary Investment Group ( BIG   1.12        Saudi Egyptian Investment & Fi   43.63        Memphis Pharmaceuticals   12.72        

Alibaba.com Profit 25% Lower


Published Monday, 23 April 2012 19:30 | Written by Amwal Al Ghad

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Alibaba.com Ltd. (1688), the unit of China’s biggest e-commerce company that’s under a privatization offer, said first-quarter profit fell 25 percent as it sold fewer website subscriptions to exporters.

Net income declined to 339.2 million yuan (US$54 million), or 0.07 yuan (US$0.01) a share, from 452.5 million yuan (US$ 71.70 million), or 0.09 yuan, a year earlier, Alibaba.com said in a statement today. Revenue rose 3.7 percent to 1.59 billion yuan (around US$ 250 million).

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Parent Alibaba Group Holding Ltd., controlled by billionaire Jack Ma, said in February it may offer as much as HK$19.6 billion ($2.5 billion) to buy out minority shareholders at Alibaba.com. The unit’s exports promotion business has weakened since February 2011, when it said it would tighten screening of vendors on its website after some buyers were defrauded.

“The company has been undergoing a business transformation,” Richard Ji, an analyst at Morgan Stanley, wrote in an April 20 report. “Alibaba.com has been under pressure due to its exposure to China’s export business.”

Alibaba.com was unchanged at HK$13.30 in Hong Kong trading today. In February, Alibaba Group said it will buy the Alibaba.com shares it doesn’t own at HK$13.50 (US$ 1.74) each.

Subscribers for Alibaba.com’s Gold Supplier program for Chinese exporters fell more than 11,000 last quarter to 87,544 the company said. In 2011, Alibaba lost more than 22,000 Gold Supplier members.

Alibaba.com is the unit of Hangzhou, east China-based Alibaba Group that is focused on business owners. The closely held parent company, 40 percent-owned by Yahoo! Inc. (YHOO), also operates online commerce businesses such as Taobao and Juhuasuan that are aimed at consumers.

The proposed buyout of Alibaba.com will allow the unit to reorganize its business for the long term, free from the “pressure of market expectations,” Alibaba Group said in February. A date for a meeting of Alibaba.com shareholders to approve the transaction hasn’t been set.

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