JAPAN: Sales, earnings up at Seven & I
Sales, profits up at 7-11 retailer Seven & I Holdings
Japanese convenience retailer Seven & I Holdings has reported an increase in sales and profits for the first nine months of its financial year.
The company behind the 7-11 chain booked net profit of JPY96.96bn (US$923.6m) for the period to the end of November, up 15.9% year-on-year. Operating profit was up 15.1% at JPY249.14bn.
The higher profits came on the back of rising sales. Seven & I said its revenues from operations increased 13.8% to JPY4.19trn.
The company maintained its forecast for annual earnings. It expects a net profit of JPY170bn and an operating profit of JPY340bn on the back of revenue of JPY5.64 trn.
- Deal or no deal: Frozen sale makes sense for Kerry
- On the money: How Greencore is outperforming
- JBS sees big opportunity from Primo Smallgoods
- Interview part 1: BRF CFO Augusto Ribeiro
- Regional start-ups aim to ride China's online boom
- Kerry puts frozen food unit on block - reports
- Danone, General Mills, Chobani "mislead parents"
- United Biscuits UK plant to start strike action
- Kellogg trumps Abraaj bid for Bisco Misr
- Indofood to buy Danone's Indonesian dairy arm