Ant Group quarterly net profit plunges by 82.7% -Alibaba filing

A thermal imaging camera is seen in front of a logo of Ant Group at the headquarters of Ant Group, an affiliate of Alibaba, in Hangzhou
FILR PHOTO: A thermal imaging camera is seen in front of a logo of Ant Group at the headquarters of Ant Group, an affiliate of Alibaba, in Hangzhou, Zhejiang province, China October 29, 2020. Picture taken October 29, 2020. REUTERS/Aly Song

SHANGHAI, Feb 23 (Reuters) - China's Ant Group on Thursday made net profit of 3.05 billion yuan ($442.13 million) in the three months to Sept. 30, down 82.7% from a year earlier, according to Reuters calculations from Alibaba Group Holding's earnings report.

The e-commerce giant reports profit from Ant one quarter in arrears.

($1 = 6.8985 Chinese yuan renminbi)

Reporting by Josh Horwitz Editing by David Goodman

Our Standards: The Thomson Reuters Trust Principles.

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