Leading Japanese retailer Aeon has announced that its net profit in the fiscal first quarter more than doubled from the previous year, reports marketwatch.com.
Aeon said that its net profit stood at Y13.1bn for the March-May 2012 quarter, compared with a year-earlier profit of Y5.76bn when the company suffered huge losses after the March 2011 earthquake, tsunami and nuclear disaster.
The company's revenue in the quarter rose 10.5 per cent to Y1.326tn from Y1.200tn, a record for the March-May period.
"We saw a smooth start `to the fiscal year` in the first quarter," said Aeon's Chief Financial Officer Seiichi Chiba at a press conference.
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