×
250
Fashion Jobs
RELIANCE INDUSTRIES LTD
Sales Officer - Saree Specialist - Chennai t.Nagar
Permanent · CHENNAI
RELIANCE INDUSTRIES LTD
Hiring For Sales Officer : Reliance Retail - Ajio Business
Permanent · HYDERABAD
SPACE CONSULTANTS
Manager-Sales&Marketing
Permanent · Bhiwani
RELIANCE INDUSTRIES LTD
Hiring For Sales Officer : Reliance Retail - Ajio Business
Permanent · PANCHKULA
GENIUS CONSULTANTS LIMITED
HR Executive(Female)@Leading Hosiery Manufacturing Company in Agarpara
Permanent · KOLKATA
SHOPPERS STOP LTD
Unit HR Head
Permanent · MUMBAI
FLOOR & FURNISHINGS INDIA PRIVATE LIMITED
Sales Executive/ Sales Officer
Permanent · PANCHKULA
SELECTIVE GLOBAL SEARCH PVT. LTD.
Retail Sales Executive
Permanent · MUMBAI
RELIANCE INDUSTRIES LTD
Hiring For Sales Officer : Reliance Retail - Ajio Business
Permanent · HALDWANI
RELIANCE INDUSTRIES LTD
Hiring For Sales Officer : Reliance Retail - Ajio Business
Permanent · Aligarh
SREEDHARA TEXTILES PRIVATE LIMITED
Deputy Manager - Fabric
Permanent · COIMBATORE
PANACEA VENCER
we Have Opening For Accounts Manager & Finance Manger For Garments
Permanent · COIMBATORE
JOBZ DADDY
Category Head For Home Decor of The Top Most Designer of India
Permanent · GURUGRAM
SMART SOURCE
Manager Market Place - Leading Fashion Retail - Bangalore
Permanent · Bengaluru
NCDI PLACEMENT CONSULTANCY
Accounts Executive For Retail Industry
Permanent · Lucknow
NCDI PLACEMENT CONSULTANCY
Customer Relationship Managere For Retail Industry
Permanent · LUCKNOW
PRIME PLACEMENT AND MANPOWER SERVICES
International Sales Executive - Female - Khokhra - Ahmedabad
Permanent · Ahmedabad
MIRRAW.COM
Production Manager | Mirraw
Permanent · MUMBAI
LIFESTYLE BRANDS
Senior Executive - Accounts - Bangalore
Permanent · BENGALURU
LIFESTYLE BRANDS
Area Manager-Projects Execution (Telangana &Amp; Andra Pradesh)-Hyderabad
Permanent · BENGALURU
LIFESTYLE BRANDS
Brand Financial Manager - Bangalore
Permanent · BENGALURU
LIFESTYLE BRANDS
Brand Training Manager, Planet Fashion - Bangalore
Permanent · BENGALURU

Rakuten reports tripled profits in 2017, shoots for double-figure growth in 2018

Translated by
Robin Driver
Published
today Feb 16, 2018
Reading time
access_time 2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Japanese online retail and services giant, Rakuten, has reported a 187.8% boom in its net profit during the full year closing December 2017, reaching 110.58 billion yen (830 million euros). The company's results beat forecasts largely thanks to good performances in its operations but also because of exceptional gains made through its investment portfolio. 20.8% growth in turnover was reported, bringing the figure up to 944.47 billion yen (7.104 billion euros), while the company's operating profit increased by 90.2% to 149.34 billion yen (1.123 billion euros), in line with analysts' expectations. 


Hiroshi Mikitani, CEO of Rakuten, and Doug McMillon, recently announced a partnership - Rakuten


Owner of the French online retail platform PriceMinister, the Japanese group highlighted profits made from the sale of shares it held in a number of online services companies but did not provide further details. In mid-November, Rakuten also alluded to earnings linked to its investments in mobile ridesharing or chauffeur applications. The group has notably been an investor in Lyft, Uber's rival, since 2015. 

These strong results have not prevented the company from taking a somewhat cautious approach to its 2018 operations. Indeed, Rakuten will have to face growing competition from the American e-commerce titan Amazon. It is in this context that the Japanese group recently announced a partnership with the American corporation Walmart, with plans to cooperate on e-readers and the delivery of foodstuffs. 

For this year, Rakuten is aiming for "double-figure" growth in its receipts, discounting operations relative to its financial services which are highly dependent on market changes. As for e-commerce, the group has stated that it intends to continue growing its business, both in terms of volume and value, notably through bolstering sales of goods and services on mobiles and tablets. 

The company, which has diversified its operations in fintech, is also banking on the acquisition of Asahi Fire & Marine Insurance to push its earnings and operating profit from March onwards. 

Copyright © 2020 FashionNetwork.com All rights reserved.