Op­er­a­tor of Uniqlo says profit more than dou­bled

The Phnom Penh Post - - MARKETS BUSINESS -

UNIQLO’S par­ent com­pany said yes­ter­day that its an­nual net profit more than dou­bled from a year ago to a record thanks to strong sales and as a cheaper yen in­flated prof­its. Fast Re­tail­ing’s net profit came in at 119 bil­lion yen ($1 bil­lion) in the fis­cal year through Au­gust, with rev­enue up 4.2 per­cent at 1.86 tril­lion yen, it said. Asia’s big­gest re­tailer – a ri­val of Zara, Gap and H&M – said sales were par­tic­u­larly strong at Uniqlo’s for­eign out­lets in­clud­ing in China and around Asia-Pa­cific.

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