Taxing Business

Amazon shows 71% increase in profits

Online retail website, Amazon, has posted profits for the fourth quarter of 2009, which were up by as much as 71% during the Christmas period.

Amazon is thought to have achieved the high profits after offering an enhanced free delivery service over the holidays, as well as actively competing in a wide array of different retail sectors.

The worldwide online retailer’s profits rose from $225 million in the fourth quarter of 2008 to $384 million in the same period of last year (2009).

Amazon has stated that they expect to continue their positive trend throughout 2010 after they gained market share over their closest competitors.

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