Seven & I reports a 23% decline in its net profit in the first 3 quarters
Seven & I reports a 23% decline in its net profit in the first three quarters combined January 12, 2021 The diversified retail group's nine-month revenue comes in at £30 billion. Seven & I forecasts a narrower 34% decline in net profit to £1.02 billion this year. In a financial update on Tuesday, Seven & I Holdings Co. (TYO: 3382) said that its net profit in the first three quarters combined came in 23% lower on a year over year basis. The company attributed the decline to its domestic convenience-stores that took a hit from the ongoing COVID-19 crisis. Seven & I slid about 2.5% on market o...