Fast Retailing's Profit Up 31% in Fiscal Q1-Q3

MT Newswires Live07-11

Fast Retailing (TYO:9983, HKG:6288) recorded a 31% rise in attributable profit for the nine months ended May 31 to 312.8 billion yen from 238.5 billion yen during the year-ago period, a Thursday bourse filing said.

Earnings per share were 1,018.25 yen in the nine months, up from 776.65 yen in the corresponding period of last year.

The Uniqlo clothing brand owner's revenue rose by 10% to 2.367 trillion yen during the period from 2.144 trillion yen a year prior.

The company attributed the positive results to large revenue and profits from UNIQLO operations in the North America, Europe, and Southeast Asia regions, as well as from UNIQLO in fiscal Q3.

The company expects an attributable profit of 365 billion yen, basic earnings of 1,190.09 yen per share, a revenue of 3.07 trillion yen, and a total dividend of 400 yen per share for the fiscal year ending Aug. 31.

Tokyo-listed shares of the company closed 2% higher on Thursday.

Price (HKD): $45200.00, Change: $+1000.00, Percent Change: +2.26%

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