By  on February 8, 2013

TOKYO Isetan Mitsukoshi Holdings, Japan's largest department store operator, said Friday that its nine-month net profit plummeted 68.7 percent due to a high comparative base on tax benefits and extraordinary gains from a year ago.
 
The company, which manages the Isetan and Mitsukoshi chains of department stores, posted a nine-month net profit of 17.56 billion yen, or $219.64 million at average exchange rates for the nine months ended Dec. 31.
 
Operating profit fared better, dropping 2.8 percent to 24.12 billion yen, or $301.75 million.
 
The retailer said its net sales for the period dropped 1.4 percent to 919.67 billion yen, or $11.51 billion.

 

To access this article, click here to subscribe or to log in.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus