Uniqlo owner posts 23% jump in HY profit, raises annual profit estimate

TheStar Thu, Apr 08, 2021 03:02pm - 3 years View Original


Fast Retailing said operating profit was 168 billion yen ($1.53 billion) in the six months through February, against 136.7 billion yen a year earlier. — Bloomberg

TOKYO: Japan's Fast Retailing, the owner of clothing brand Uniqlo, on Thursday reported a 23% jump in half-yearly operating profit and raised its full-year profit estimate.

The company has been among the most resilient retailers during the COVID-19 pandemic, as Uniqlo's focus on China and Japan helped it escape the worst of the downturn that hit the United States and Europe.

Fast Retailing said operating profit was 168 billion yen ($1.53 billion) in the six months through February, against 136.7 billion yen a year earlier.

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