SPAIN: Zara Owner Inditex Reveals Leap In Profits/Sales
Spanish fashion retail giant Inditex - owner of the famous Zara clothing chain and collections - today reported a 31 per cent leap in full-year net profits amid a surge in sales and major expansion drive. The company posted a net profit of 340.4 million euros ($300.4m) in the 12 months to February, up from the 259.2 million euros in 2001.