„Zara“ owner „Inditex“ quarterly profit increased by 5.4%.

„Zara“ owner „Inditex“ quarterly profit increased by 5.4%.

The “Inditex” group, which also owns the “Massimo Dutti”, “Pull & Bear” and “Bershka” brands, reported that in the three months up to April 30, i.e. in the first quarter of the financial year, profit amounted to 1.38 billion euros – 5.4% more than a year ago.

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Revenues increased by 5.8% to 8.75 billion euros, according to the “Inditex” statement. It also states that these results reflect the resilience of the business model, which the company calls, in a very fragmented fashion market.

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