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Aeon's annual profit climbs 14 percent to record, further rise forecast

Reuters  |  TOKYO 

By Sam NusseyTOKYO (Reuters) - Aeon Co Ltd, Japan's largest retailer by sales, posted a record annual operating profit after a 14 percent jump from the previous year on the back of restructuring efforts, and forecast a further gain this year.The supermarket and shopping mall company said on Wednesday operating profit for the year that ended in February was 210.3 billion yen ($1.97 billion). That beat the 204.9 billion yen average estimate of eight analysts polled by Thomson Reuters I/B/E/S.Aeon forecast operating profit for the year through February 2019 would rise to 240 billion yen, well ...

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First Published: Wed, April 11 2018. 16:34 IST