Fashion group Cortefiel on Thursday reported a modest hike in first half net profit as it was hurt by hefty restructuring charges related to the closure of 17 loss-making stores and its Don Algodon chain.

The operator of nearly 900 stores said in a statement net profit for the first six months of the current fiscal year rose to 580,000 euros from 390,000 euros in the year-ago period despite a 5.13 million restructuring charge.

Same-store sales rose five per cent from last year while total sales climbed 11 per cent year-on-year to 404.9 million euros.

Sales at its German chain Werdin fell 30 per cent from last year but there was better news at its lingerie unit Women's Secret which saw total sales jump by a third and same-store sales rise 14 per cent.