2017年7月21日星期五
 
專家論市
Martin Hennecke

Foreign lift for retailer
 
14/07/2017
 
Third-quarter operating profit for Japan's Fast Retailing (6288), owner of clothing chain Uniqlo, rose 7.5 percent on the back of brisk sales abroad.

Operating profit for the three months from March to the end of May was 49.9 billion yen (HK$3.44 billion). That compared with a figure of 52.8 billion yen from Thomson Reuters Starmine SmartEstimate, which was based on readings from six analysts.

Fast Retailing also recorded a 69.1 percent year-on-year growth in net profit to 120.1 billion yen in the nine months to May 31.

The apparel company said the jump in net profit was due in part to a higher adjustment on foreign currency on the back of the weaker yen.

Total revenue during the nine months was also up 3 percent year on year to 1.48 trillion yen.

Fast Retailing said the international branch of Uniqlo generated increases in revenue and profit compared to the corresponding period in the previous financial year, while Uniqlo in Japan reported higher revenue but lower profit.

The Uniqlo International network increased by 143 stores to 1,071 by the end of May.

Stella International Holdings (1836), a footwear and leather goods retailer, posted a 4.3 percent year-on-year increase in revenue to about US$454.7 million for the three months ended June 30.

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