Inditex Q1 net profit rises 18pc 

Dhaka,  Wed,  20 September 2017
Published : 14 Jun 2017, 12:09:45

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.
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