Fashion brand Zara's owner Inditex said on Wednesday that profit for the six months to July jumped by 41% and sales rose by around a quarter, putting it on a strong footing ahead of second half likely to see rampant inflation hitting demand for clothing.
In the first set of results since its founder's daughter, Marta Ortega, took over as new non-executive chairman, the company said revenue for the period rose to 14.84 billion euros ($14.82 billion) from 11.9 billion euros a year earlier. It booked a net profit of 1.79 billion euros from 1.27 billion euros last year.
