JINS HOLDINGS reports 98% profit surge on eyewear growth

JINS HOLDINGS reported profit attributable to owners surged 98% to 6.3bn yen for the nine months ended May 31, while net sales rose 18% to 69.8bn yen.

Operating profit jumped 75.7% to 8.9bn yen, driven by strong domestic eyewear performance where sales grew 20.2% to 54.3bn yen and segment operating profit increased 70.7%.

Overseas eyewear business saw operating profit surge 145.8% to 835m yen on restructuring efforts in China, with sales up 10.9% to 15.5bn yen.