Amazon Vendor Companies, {the marketplace} arm of the ecommerce large, reported a 14% year-on-year improve in its working income for fiscal 2024 at Rs 25,406 crore.
In the meantime, it lowered its internet loss throughout the yr by 28% on yr to Rs 3,469 crore, in keeping with monetary statements sourced from Tofler.
The corporate’s income progress throughout the yr picked up after it reported solely 3% progress in FY23. Earlier, ET had reported that Flipkart Web, {the marketplace} unit of the Walmart-owned retailer posted income progress of 21% in FY24.
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