Shiseido profit down 96% in Q1 amid COVID-19

Shiseido’s net profit declined 95.8% year-on-year to ¥1.4bn ($13m) for the first quarter 2020, hit by the COVID-19 pandemic. Operating profit fell 83.3% year-on-year to ¥6.5bn ($60m). In addition to the decrease in operating profit, net profit was also affected...

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