Parent company Google has announced a record drop in profits

Материнская компания Google заявила о рекордном падении прибыли

Losses are associated with fine EU, which accused the search engine is abusing its position in the market.

Net profit of the company Google, which includes Google, the maximum has fallen since 2008. This writes the Financial Times, citing report of the company.

In the second quarter of 2017, the profit of the company amounted to $ 3.5 billion, which is 28 percent in annual terms.

The FT notes that the fall in profits associated with a fine of $ 2.7 billion imposed on the Alphabet of the EU.

The company’s revenue grew to $ 26 billion, i.e. 21 per cent compared to the second quarter of 2016.

The shares of the Alphabet from July 2016 has grown by 32 percent.

About the fine imposed by the European Commission on the Alphabet, it became known on June 27. The EU authorities found that Google had abused its market position – modified the search results in favor of their own services, and were not given on the first page of information about your competitors.

Note that the Alphabet for many years among the top three most expensive companies in the world.


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