Uniqlo parent company net profit increase

Business | 30 Nov 2018 5:16 pm

Fast Retailing(6288), Uniqlo parent company, reported its net profit for the year ended August 31 rose 31 percent year-on-year to HK$169 billion yen (HK$11.68 billion).

Uniqlo Japan and Uniqlo International contributed 40.6 percent and 42.1 percent of the total revenue respectively while GU and other brands contributed 9.9 percent and 7.3 percent of the total revenue respectively.

The group said they intend to expand Uniqlo International operations even further, accelerating store openings and expanding operations in mainland China, Southeast Asia & Oceania, and also venturing into new markets such as India and Vietnam.

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