Internet giant Yahoo last night reported that its second quarter profit grew sixfold from a year ago to $755m, lifted by increased sales across a broad range of services and a once-off gain. Net profit was $113m in the same period a year ago.
But a big chunk of the increase was an exceptional gain from the sale of an investment, Yahoo said in a statement without elaborating.
Excluding this, the profit amounted to 13 cents per share, in line with analyst forecasts for the company.
Revenues grew 50% from the same period last year to $1.25 billion, lifted by growth from advertising, fees and partnerships.
