Amazon has revealed a record profit as a jump in Christmas sales meant it shrugged off the impact of a hefty pay increase for its staff.
The online retail giant said revenues in the final three months of 2018 grew by 20pc to $72.4bn, while profits surpassed $3bn for the first time.
The figures were the latest evidence that the company, which has long shunned profits as it focuses on growing its online empire, is finally producing reliable returns.
While growth in Amazon’s maturing North American business slowed, the company’s international sales picked up steam after it threw resources behind markets such as India and Australia.
The results were the first to show the impact of Amazon’s pay rise…