Spanish clothes retailer Inditex has posted a 32% increase in first-half net profit as it continued expanding in emerging markets.
The company owns the Zara store chain.
Inditex said today that sales for the first six months of the year were €7.2 billion, up 17% on last year. This generated net profit of €944m.
Inditex said it opened 166 stores during the first half, bringing the total across five continents to 5,693.
It highlighted store openings in Colombia and Brazil as well as the launching of online sales for Zara in China.
Founded in 1975 by Amancio Ortega, Inditex operates eight brands including Massimo Dutti, Bershka, Pull & Bear and Oysho.
