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Aeon FY operating profit up 4 pct on supermarkets, drugs stores
April 12, 2017 / 6:14 AM / in 4 months

Aeon FY operating profit up 4 pct on supermarkets, drugs stores

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TOKYO, April 12 (Reuters) - Top Japanese retailer Aeon Co on Wednesday said its annual operating profit rose 4 percent, as growing sales at its supermarkets and drugs stores helped prop up struggling general merchandise stores.

Operating profit came in at 184.7 billion yen ($1.7 billion) for the year ended Feb. 28, below the company's estimate of 190 billion yen. Nine analysts surveyed by Thomson Reuters had forecast an average operating profit of 185.9 billion yen.

The retailer said it expected operating profit to come in at 195 billion yen for the current year. ($1 = 109.5100 yen) (Reporting by Sam Nussey; Editing by Himani Sarkar)

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