Fast Retailing profit rises 32 percent
Fast Retailing reported a 32 percent rise in annual operating profit to 743 billion yen, beating market forecasts. The Uniqlo operator cited strong global results across most regions despite challenges from a weak home currency.
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FAST RETAILING CO LTD posted a 32% rise in annual operating profit to 743.13 billion yen ($4.70 billion) on Thursday, driven by strong overseas results. The record performance marks the fifth consecutive year of profit growth for the parent of global apparel brand Uniqlo. Strong international sales offset domestic pressures from a weak currency in Japan.
