TOKYO — Japanese department store operator Takashimaya saw higher profits in the first half of the year.
The company said Tuesday its net profit for the six months ended August 31 rose 22.8 percent to 6.60 billion yen, or $82.48 million at average exchange rates for the period. This is up from 5.38 billion yen, or $66.88 million, for the same six months last year. Takashimaya benefited from a low comparative base caused by write-offs related to the closure and sale of its New York store two years ago.
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