Zara Owner Inditex Reports 26% Jump In Half-year Income
Inditex, parent company of Spanish retail behemoth Zara, reported a 26 percent net profit increase for the first half of 2015.
In a statement on Wednesday, the world’s largest clothing retailer said that the Net income rose to 1.17 billion Euros in the six months through July, up 17 percent compared with the same six months last year. Over the past five years Inditex has opened more than 400 stores annually on average and during the first six months of the year had opened new stores in 35 markets, lifting its total store count to 6,777 in 85 markets. The company also said that more than 10,000 jobs were added and about a quarter of them were in Spain.
Inditex shares were up 3.1 percent Wednesday morning in Madrid.
