Inditex Q1 net profit rises 18pc 

Dhaka,  Mon,  21 August 2017
Published : 14 Jun 2017, 12:09:45
printer

Zara-owner Inditex Q1 net profit rises 18pc  

Inditex Q1 net profit rises 18pc 
Inditex, the world's biggest fashion retailer, reported on Wednesday a 18 per cent rise in first-quarter net profit from the year before to 654 million euros (575.4 million pounds), in line with analysts' forecasts.

The Spanish owner of fashion label Zara said earnings before interest, tax, depreciation and amortisation (EBITDA) in the first quarter of its 2017 fiscal year were 1.1 billion euros, up 17 per cent year-on-year and slightly above forecasts, reports Reuters.

Sales at constant exchange rates from Feb. 1 to June 3 rose 12 per cent year-on-year, the company said.
ADDRESS
Editor : A.H.M Moazzem Hossain
Published by the Editor for International Publications Limited from Tropicana Tower (4th floor), 45, Topkhana Road, GPO Box : 2526 Dhaka- 1000 and printed by him from City Publishing House Ltd., 1 RK Mission Road, Dhaka-1000.
Telephone : PABX : 9553550 (Hunting), 9513814, 7172017 and 7172012 Fax : 880-2-9567049
Email : editor@thefinancialexpress-bd.com, fexpress68@gmail.com
Copyright © 2017. All rights reserved
Powered by : orangebdlogo
close