Bloomberg : Seven & I Profit Gains on 7-Eleven Convenience Stores (Update1)
By [bn:PRSN=1] Taku Kato [] Last Updated: October 9, 2008 04:06 EDT
Oct. 9 (Bloomberg) –Seven & I Holdings Co., Japan’s largest retailer, posted its first profit gain in four quarters as cigarette sales boosted earnings at its 7-Eleven convenience stores.
Net income rose 3 percent to 34.4 billion yen ($341 million) in the three months ended August from a year earlier. The result was calculated by subtracting first-quarter earnings from the first-half profit the Tokyo-based company reported today.