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Uniqlo owner Fast Retailing posts 38.6% profit surge

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Growth in its Asian markets has allowed Fast Retailing to record a 38.6 per cent spike in profit in its annual results. READ MORE: Uniqlo parent company records sales and profit uptick The parent company of Uniqlo, based in Japan, said operating profit surged to 176.4 billion yen (£1,19 billion) for its financial year to August 31, bolstered by a 4.2 per cent rise in consolidated revenue to 1.86 trillion yen (£12.55 billion). Meanwhile, the company’s profit before income taxes rose to 193.3 billion yen (£1.3 billion), a 114.3 per cent increase

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Uniqlo owner Fast Retailing posts 38.6% profit surge

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