Fast Retailing Group Revenues Remain Flat in Fiscal H1

The Fast Retailing Group reported consolidated revenues of 1,017,508 million yen for the six-month period ending at the end of February 2017, up 0.6% year-on-year. Operating profits climbed 31.5% to 130,657 million yen.

The gross profit margin rose 1.5 points, and the selling, general and administrative expenses ratio improved 0.7 point, as group-wide cost-cutting efforts were initiated in fiscal 2016.

Profits before income taxes increased by 79.9% to 147,610 million yen, and profits attributable to owners of the parent grew by 106.7% to 97,233 million yen.

UNIQLO Japan and UNIQLO International posted increases in both revenues and operating profits, while Global Brands recorded a rise in revenues but a fall in operating profits.

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