$Alibaba (BABA.US)$Financial|Alibaba earned 34.3 billion RMB in the first quarter, with adjusted profit rising by 48%. Alibaba (09988) announced that as of the end of June, shareholders' net profit was 34.332 billion yuan (RMB, same below); adjusted profit under non-GAAP was 44.922 billion yuan, up 48% year-on-year. Revenue for the period increased by 14% year-on-year to 234.156 billion yuan.
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