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Amazon Seller Services revenue up 42%; losses rise to Rs 5,849 crore

The e-commerce company's total expenses for the fiscal were reported at Rs 16,877 crore

Photo: Reuters

The company has reported a 47 per cent decrease in foreign exchange outflow to Rs 777 crore from Rs 1,473 crore in the previous year | Photo: Reuters

Peerzada Abrar Bengaluru
Amazon Seller Services reported its revenue for the financial year 2019-20 (FY20) at Rs 11,028 crore, a 42 per cent jump since the last financial year. The company further reported a net loss of Rs 5,849 crore during the same fiscal. This is a 3 per cent increase from the last financial year, according to regulatory documents sourced from business intelligence platform Tofler.

The company’s total expenses for the fiscal were Rs 16,877 crore.

The revenue was generated from areas such as web-based information technology-enabled services, business-to-business wholesale trading, and wholesale electronic equipments.

“The company is confident of its future

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First Published: Dec 24 2020 | 9:44 PM IST

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