Fast Retailing expects 37 percent rise in FY17 operating profit

The Fast Retailing Group reported a rise in revenue but a fall in profit for the financial year from September 1, 2015 to August 31, 2016. Consolidated revenue rose 6.2 percent year-on-year, while consolidated operating profit totalled 127.2 billion yen (1.2 billion dollars), a fall of 22.6 percent.