By  on January 12, 2017

TOKYO — Fast Retailing said Thursday that its net profit for the first quarter of its fiscal year jumped 45.1 percent thanks to cost-cutting measures, a foreign exchange gain and a low comparative base from the same period a year earlier.

For the three months ended Nov. 30, Uniqlo’s corporate parent posted a net profit of 69.7 billion yen, or $667 million at average exchange rates for the period. The company’s operating profit increased by 16.7 percent to 88.59 billion yen, or $848 million.

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