Wednesday, June 15, 2016

Spanish group Inditex increases by 6 profits in the first quarter – W Radio

Madrid, June 15 (EFE) .- The Spanish textile group Inditex, owner of chain stores like Zara, achieved a net profit of 554 million euros (621 million dollars) in its first fiscal quarter (February to April ), 6% more than in the same period last year.

in addition, their sales increased 12% and totaled 4,879 million euros (5.474 million dollars), said today the company.

the gross operating profit (EBITDA) improved by 7% to 955 million euros (1,071 million dollars), according to the group, which in the last twelve months, created 11,900 jobs in all centers scattered around the world

with these figures, Inditex widens the gap with its rival for leadership of global fashion, H &. M, which in its first fiscal quarter (December to February) won 30% less, and off 8% more.

from February to April, the Spanish group made 72 net openings (openings less closures) in 31 markets and the end of April amounted to 7,085 establishments in 91 countries , with news of Aruba, Nicaragua and Paraguay.

Inditex, adds the note continues with investments directed to online growth and international expansion.

in addition to Zara, his ship logo, the group owns the Berska, Massimo Dutti, Pull & amp firms, Bear, Stradivarius, Zara Home, Oysho and Uterqüe. EFE

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