Amazon.com, the world's largest Internet
retailer, continued to rack up ever more sales in the second quarter,
but its low prices and special offers kept profits razor thin.
The massive online store said its sales rose 29 per cent to 12.8 billion dollars (10.4 billion euros), but profits were just 7 million dollars compared to the 191 million dollars it earned a year ago.
The company is also incurring massive expenses as it aggressively builds a worldwide network of fulfillment centres to service growing demand.
Amazon' revenues in North America surged 36 per cent to 7.33 billion dollars, while international sales grew 22 per cent to 5.51 billion dollars.
Worldwide media sales rose 13 per cent to 4.12 billion dollars, while electronics and general merchandise revenues jumped 38 per cent to 8.16 billion dollars.
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