Rakuten FY sales reach record high of JPY 443.5 bln

Monday 18 February 2013 | 12:46 CET | News
Japanese online retailer Rakuten reported record full year net sales up 16.7 percent to JPY 443.474 billion from the year before, with the operating profit rising 2.1 percent to a record JPY 72.259 billion and the net profit going to JPY 19.413 billion, from a loss of 2.287 billion the year earlier. The retailer recorded a one-off loss of JPY 28.571 billion, in part due to the business restructuring at Play.com (UK) because of changes in local regulations, and the impairment of goodwill at Buy.com (US) where the profit plan fell below initial forecasts. For 2013, the company expects to

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Categories: Mobile & Wireless
Companies: Buy.com / Rakuten Mobile
Countries: Japan
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