By  on January 10, 2013

TOKYO — Fast Retailing Co. Ltd. saw its first-quarter profits and sales grow at a double-digit clip, prompting it to raise its full-year forecasts.

The retailer said Thursday that its net profit for the three months ended Nov. 30 jumped 23.5 percent to 38.47 billion yen, or $484.72 million at average exchange rates for the period.

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