Japanese retail giant Seven & I Holdings has booked a jump in first-half earnings, driven by higher sales.
The company said operating profit rose 11.8% in the six months to the end of August, climbing to JPY164bn (US$1.69bn).
Higher operating profit reflected an increase in revenues. Seven & I said sales increased by 14.6% in the period, rising to JPY2.8trn.
Net income was up by almost one quarter, boosted by higher “special gains” including subsidy income. Net earnings rose 24.6% to JPY83.35bn, the company revealed.
Click here to view the full earnings release from Seven & I.
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