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H1 operating profit at Fast Retailing soars 31.5%
15
Apr '17
For the six months period ended February 28, 2017, operating profit at owner of the Uniqlo brand Fast Retailing, soared 31.5 per cent year on year to ¥130.6 billion. Profit attributable to owners of the parent jumped 106.7 per cent to ¥97.2 billion, as a result of, reporting of a ¥15.4 billion foreign exchange gain under finance income and costs.

In the first half of fiscal 2017, revenue however grew slower at just 0.6 per cent over a fiscal ago period to ¥1.0175 trillion.

Revenue at the Uniqlo brand grew more slowly at 0.3 per cent to ¥455.1 billion, but operating profit increased 7.3 per cent to ¥68.7 billion. (AR)

Fibre2Fashion News Desk – India


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