Home / Knowledge / News / Apparel/Garments / Fast Retailing's 6 mths revenue up 6.5% in FY16
Fast Retailing's 6 mths revenue up 6.5% in FY16
11
Apr '16
Courtesy: Fast Retailing
Courtesy: Fast Retailing
Fast Retailing, a retailing company based in Japan, reported a rise of 6.5 per cent to ¥1,011.6 billion in its revenue for the first six months of fiscal 2016, from September 2015 to February 2016, as compared to ¥949.6 billion in the corresponding period last fiscal, according to a press statement posted on the company website.

However, the selling, general and administrative (SGA) expenses for the first six months of FY16 rose by 10.2 per cent to ¥370.7 billion as compared to ¥336.6 billion last fiscal, affecting the company's profit for the six months period.

Gross profit for the period was ¥476.9 billion as compared to ¥479.5 billion, a fall of 0.5 per cent. Business profit for the six months period fell by 25.8 per cent to ¥106.2 billion as compared to ¥143.1 billion in the previous fiscal. Operating profit fell by 33.8 per cent to ¥99.3 billion as compared to ¥150 billion previously.

Profit posted before income taxes was ¥82 billion as compared to ¥163.6 billion in FY15, a fall of 49.9 per cent.

For the full fiscal 2016, the company expects revenue of ¥1,800 billion, representing a rise of 7 per cent, as compared to ¥1,681.7 billion in the previous fiscal.

Its profit before income taxes is expected to be ¥102.5 billion for fiscal 2016 as compared to ¥180.6 billion in the previous fiscal, a fall of 27 per cent.

The company expect to offer the same annual dividend in fiscal 2016 as in fiscal 2015 - of ¥350 per share. It includes an interim dividend of ¥185. (MCJ)

Fibre2Fashion News Desk


Must ReadView All

Textiles | On 20th Jul 2017

Provide safety net for cotton growers: Congress to Trump

A bipartisan Congressional coalition has called attention of...

Courtesy: ITMF

Textiles | On 20th Jul 2017

ITMF'17 themed on tech, trade, climate in disruptive times

The International Textile Manufacturers Federation (ITMF), an...

Textiles | On 20th Jul 2017

RIL’s Q1 FY18 petrochemicals revenue up 22.9% y-o-y

Reliance Industries Limited (RIL) has reported its financial...

Interviews View All

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X