Inditex continues with a two-digit growth of their sales – Investing.com Spain

MADRID (Reuters) – The textile group galician Inditex (MK:), owner of the brand Zara, reported in the first nine months of its fiscal year 2016 a benefit attributable profit of 2.205 billion euros, an increase of 9 percent over the previous year, said the company on Wednesday.

analysts polled by Reuters had expected on average a net profit of 2.202 billion euros.

The giant Spanish fashion said sales rose in the first nine months (February to October 2016) 11 percent to 16.403 million euros, slightly above forecasts of the analysts (16.395 million euros). At constant exchange rates, the increase was 14.5 percent.

Inditex has a 7.240 stores in more than 90 countries, of which close to half billed in currencies outside the euro.

The gross result of exploitation (ebitda) grew by 8.4 per cent to 3.607 million euros and the gross margin accounted for 57,9 percent of sales in the first nine months.

over the last quarter of the fiscal year, the textile group said that sales in store and online at constant exchange rates increased by 16 per cent between 1 November and 12 December.

legal Notice: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn’t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.