Uniqlo opearator says profits surge

Tokyo: Uniqlo’s operator said on Thursday that its half-year profit doubled from a year ago as sales of winter wear picked up and the chain refocuses on thrifty shoppers.
Fast Retailing also cited upbeat demand at its China stores for net profit coming in at 97.2 billion yen ($891 million) in the six months through February, up from 47.0 billion last year. Revenue rose 0.6 per cent to 1.02 trillion yen, it said.
But the company did not upgrade its 100 billion yen full-year profit forecast, meaning results for the rest of the year were likely to come in weaker than hoped. — AFP