Fashion designer and retailer Adolfo Dominguez SA said net profit increased 17.26 per cent to €8.97 million in the nine-month period ended 30 September as it continued to shut underperforming outlets.

Sales in the period grew by 1.94 per cent to €95.60m, from €93.78 last year.

Earnings before interest, taxes, depreciation, and amortisation (EBITDA) increased 13.37 per cent to €17.50m, from €15.44m.

Adolfo Dominguez had 291 outlets at the end of September 2004 - up from 266 a year earlier - and a total of 154 franchises.