Wednesday, June 13, 2012
Inditex defies crisis to grow net profit 30 percent
MADRID - Spain's Inditex SA, the world's largest clothes retailer, showed on Wednesday it can sell to both fashion-hungry shoppers in emerging Asia and cash-strapped consumers in Europe, posting a sharp rise in first-quarter earnings. Pablo Isla of Inditex / Photo: InditexThe owner of Zara and a clutch of other brands including upmarket Massimo Dutti beat forecasts with a 30 percent rise in net profit to 432 million euros ($538.1 million) and sales of 3.4 billion. A Reuters poll had found
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