Fast Retailing Japan reports double-digit growth

In the first fiscal quarter ended 30 November,, the Japanese clothing giant Fast Retailing has totaled revenues of JPY479.5 billion yen (USD4 billion) , an increase of 23  percent over the same period before . For the full year , the management estimates that sales will reach the level of JPY1.6 trillion yen (USD13.5 billion) , an increase of 15.7 percent. In quarter operating profits of the Japanese group were up 39.9 percent to JPY91.3 billion (USD770.7 million) and earnings reached JPY68.8 billion (USD580.8 million) ( + 63.9  percent) .