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Zara-owner Inditex swings to profit, sales increase 49 percent

The Inditex Group reported revenue of 11.94 billion euros in the first-half, representing growth of 49 percent year-on-year or 53 percent in local currencies. Net profit amounted to 1.27 billion euros compared with a loss of 195 million euros in the first half of 2020. The company’s second-quarter revenue grew 7 percent in local currencies to...

Sep 15, 2021