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Courtesy of Benzinga.
Seven & I Holdings Co (OTC: SVNDY) reported a rise in its operating profit for the year ended February.
Seven & i posted a 16% rise in net profit to Y129.84 billion, versus a year-ago profit of Y111.96 billion. Its operating profit surged 20% to Y292.06 billion, while revenue declined 6.5% to Y4.786 trillion versus Y5.120 trillion.
For the full fiscal year, Seven & I expects a 19% rise in net profit to Y155 billion. It projects a 7.9% gain in operating profit to Y315 billion. Seven & i expects revenue to increase 5.7% to Y5.060 trillion.
Seven & I shares closed at $58.45 yesterday.
(c) 2011 Benzinga.com. All rights reserved. This material may not be published in its entirety or redistributed without the approval of Benzinga.
For more Benzinga, visit Benzinga Professional Service, Value Investor, and Stocks Under $5.
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