Aeon Posts Surge In FQ1 Profit

Aeon Co

reported a strong rise in its net profit in the fiscal first quarter. Aeon's quarterly net profit rose to 13.1 billion yen, versus a year-ago profit of Y5.76 billion. Its revenue surged 10.5% to Y1.326 trillion from Y1.200 trillion. For the full business year ending February 2013, Aeon continues to project its net profit between Y68 billion and Y73 billion. Aeon shares gained 0.48% to close at $12.61 on Tuesday.