Spanish clothes retailer Inditex has posted a 27% increase in net profit for the first nine months of 2012 as it continued expanding in Asian and North America.
Inditex, which owns the Zara chain, said that profit for the first nine months rose to €1.65 billion from €1.32 billion the same period last year.
Sales swelled 17% to €11.36 billion.
Inditex said it opened 360 stores during the period, taking the global total to 5,887.
Founded in 1975 by Amancio Ortega, Inditex operates eight brands including Massimo Dutti, Bershka, Pull & Bear and Oysho.
