First quarter net profit at clothing retailer Cortefiel soared by 48.3 per cent the company said on Thursday.

Improved sales and margins pushed net profit to 9.7 million euros in the three months to 31 May, compared with 6.54 million euros in the same period last year.

Earnings before interest and taxes grew 34.3 per cent to 15.3 million euros from 11.4 million euros.

Sales for the quarter grew 1.3 per cent to 197.3 million euros.