Inditex' profit grows 26 % in first half fiscal year

Inditex' profit grows 26 % in first half fiscal year

In the first half of its current fiscal year, Spanish fashion group Inditex managed to increase its net turnover 17 %. Net profit also soared by more than a quarter.

94 new stores

The company's net turnover reached 9.42 billion euro in the first six months of 2015, up 17 % compared to a year ago. On a like-for-like basis, turnover grew 7 % and thanks to its excellent sales, net profit also grew 26 % and reached 1.16 billion euro.

 

The company also opened 94 new stores in the first six months, spread over 35 countries, bringing the total to 6,777 stores. The new store openings include 24 were Zara stores and 25 Zara Home stores. Zara also opened online stores in Hong Kong, Macau and Taiwan, increasing its online availability to 28 markets. Oysho, Stradivarius, Pull & Bear and Massimo Dutti also opened a Chinese web shop.

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