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Fast Retailing Group: Q1 sales up but profit declines

The Fast Retailing Group’s revenue totalled 716.3 billion yen, up 14.2 percent, while operating profit totalled 117 billion yen, down 2 percent in the first quarter of FY23. The company said in a release that the result was due primarily to a large decline in profits at Uniqlo operation in the Mainland China market caused by Covid-19...