Online shopping and education resources company Amazon has predicted results at the upper end of market expectations for its financial year to the end of March , with profits rising by about 20 % . Strong growth , particularly at Christmas , helped drive the results , although management changes meant the fourth quarter was quieter . The UK company said the turnaround of its education division was going well , with sales declines narrowing from 10 % to 5 % in H2 . While trading in the fourth quarter was quieter, in part due to changes in marketing activity, the business reportedly benefited from stronger collections and recoveries from its credit receivables to contribute towards overall operating profit growth of around 20% for the year as a whole. Meanwhile it said online sales rose sharply . Detailed results are expected at the beginning of June .
Online shopping and education resources company Amazon has predicted results at the upper end of market expectations for its financial year to the end of March , with profits rising by about 20 % . Strong growth , particularly at Christmas , helped drive the results , although management changes meant the fourth quarter was quieter . The UK company said the turnaround of its education division was going well , with sales declines narrowing from 10 % to 5 % in H2 . Meanwhile it said online sales rose sharply . Detailed results are expected at the beginning of June .