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

Pic: Shutterstock

Apparel/Garments | On 24th Feb 2020

Myanmar's garment units risk closure due to virus impact

Myanmar's garment factories are facing the risk of shutdown as the...

Pic: Shutterstock

Apparel/Garments | On 24th Feb 2020

GMAC urges EU to restore full EBA rights for Cambodia

Expressing disappointment over the recent European Union (EU)...

Pic: Shutterstock

Apparel/Garments | On 24th Feb 2020

Uzbekistan 3rd biggest garment exporter to Kazakhstan

Uzbekistan exported 10,000 tonnes of apparel to Kazakhstan in 2019,...

Interviews View All

Nitin Soni, Dolphin Jingwei Machines

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Milind Khandwe, Hindoostan Innovation Centre

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Rahuul Jashnani, Jashn

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Siddhachakra Weaving (Badiya Fashion),

Siddhachakra Weaving (Badiya Fashion)

Ahmedabad-based Siddhachakra Weaving Pvt Ltd was established in 2011 under ...

Nuria Estape,

Nuria Estape

Archroma is a global colour and specialty chemicals company headquartered...

Gagan Gulati,

Gagan Gulati

PG Silk Mills Private Limited had a humble start with a hand-dyeing unit....

Melissa Tate, University of New South Wales

Melissa Tate
University of New South Wales

<div><div><div><div><b>Melissa Tate</b>, a well-known scientist currently...

S Ziya Gumuser, Teknomelt

S Ziya Gumuser
Teknomelt

Turkish nonwoven manufacturer Teknomelt has been around for only seven...

Marten Alkhagen, Swerea IVF AB

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Wendell Rodricks, Wendell Rodricks

Wendell Rodricks
Wendell Rodricks

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

Varsha Wadhwa, VW

Varsha Wadhwa
VW

Coming from a family that ran a business of jute and linen mills since...

Yash P. Kotak, Bombay Hemp Company

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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

Leave your Comments


February 2020

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


Advanced Search