Fast Retailing posts record profit on strong global sales

Fast Retailing Co., the operator of the Uniqlo casual clothing chain, said Thursday its group net profit rose 29.8 percent to a record 154.81 billion yen ($1.38 billion) in the year through August thanks to strong sales at home and abroad.Reflecting growth in China and Southeast Asia, its annual overseas sales surpassed those in Japan for the first time, said the company which now eyes expansion into the fast-growing Indian market.Fast Retailing said its group operating profit climbed 33.9 percent to 236.21 billion yen on sales of 2.13 trillion yen, up 14.4 percent, both also record highs.F…READ FULL ARTICLE