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Japan's Aeon Q1 profit jumps 11.4 pct, beats estimates
July 5, 2017 / 6:19 AM / 4 months ago

Japan's Aeon Q1 profit jumps 11.4 pct, beats estimates

TOKYO, July 5 (Reuters) - Aeon Co Ltd, Japan’s largest retailer by sales, on Wednesday reported a 11.4 percent rise in first-quarter profit, beating estimates, boosted by improved performance at its struggling general merchandising stores.

Operating profit reached 36.6 billion yen ($323.18 million)for the three months through May. That compared with a 35.2 billion yen average of three analysts polled by a Thomson Reuters.

The supermarket operator reiterated its operating profit forecast for the year ending Feb. 28 at 195 billion yen, versus the 198.9 billion yen average of nine analyst estimates. ($1 = 113.2500 yen) (Reporting by Sam Nussey; Editing by Christopher Cushing)

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