NEW YORK: Gap Inc's fourth-quarter profit beat estimates, helped by higher comparable store sales in North America and the apparel retailer raised its dividend for this year by 20% to 60 cents.
Gap, the third biggest clothes retailer in the world, posted net income of US$351mil, or 73 cents per share, for the quarter ended Feb 2, compared with US$218mil, or 44 cents per share, in the same quarter last year. Reuters
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