Uniqlo JV helps to lift Wing Tai's H1 profit

Singapore

WING TAI Holdings' joint venture to sell Japan casualwear label Uniqlo in Singapore and Malaysia has helped to give a small bump to its six-month profit, even as sentiment in the property market remains subdued.

The property and retail company on Monday reported a 3 per cent lift in net profit for the fiscal half year, despite a sharp fall in revenue.