Japan's Fast Retailing, the owner of clothing brand Uniqlo, said on Thursday (Jan 13) its first-quarter operating profit rose 5.6 per cent from a year earlier, boosted by sales in South Asia, North America and Europe.
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Profit rose to 119.4 billion yen (US$1.04 billion) in the three months ended Nov 30. The market's consensus forecast was for 102.6 billion yen, an average of analysts' forecasts from Refinitiv showed.
Uniqlo's international segment reported record first-quarter results, while revenue and profits declined at operations in Japan and mainland China, the company said in a statement.
The company maintained its forecast for operating profit to climb 8.4 per cent to 270 billion yen in the fiscal year ending in August.