TOKYO, April 13 Japan's Fast Retailing Co Ltd
, the owner of the Uniqlo casual wear brand, on Thursday
reported an 80 percent jump in second-quarter operating profit,
lifted by improved profit margins and a weaker yen.
Operating profit for the three months ended February rose to
42.1 billion yen ($386 million), from 23.4 billion yen a year
ago, according to calculations based on the company's results
for the first half of the fiscal year.
The results were above expectations of six analysts who, on
an average, had pegged quarterly operating profit at 36.02
billion yen, Thomson Reuters data shows.
Fast Retailing reiterated its operating profit forecast for
the year to August at a record high of 175 billion yen.
($1 = 109.0200 yen)
(Reporting by Chris Gallagher and Sam Nussey; Editing by Himani