Amazon posts a 56 percent increase in profits as ebook sales soar (via The Inquirer)

ONLINE RETAILER Amazon has reported a 22 percent increase in revenues for its most recent financial quarter but saw the gloss taken off its results by posting a net loss the full year. Amazon said that it saw some $21.27bn in sales in the quarter, up from $17.43bn during the same period in 2011. Operating…