Amazon more than doubles profit to $1.6 bn in March quarter
E-commerce giant Amazon has posted a profit of $1.6 billion for the March quarter of 2018, more than double the same period a year earlier. The company's net sales also increased 43% to $51 billion in the quarter, compared with $35.7 billion in the same quarter in 2017. Amazon currently has a market capitalisation of $734.82 billion.