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Inditex Net Income Rises 67.5 Percent in First Half

The company said the positive sales trend was continuing in the second half.

LONDON — Net income at Inditex, Zara’s Spanish parent, rose 67.5 percent to 628 million euros, or $816.4 million in the first half of the fiscal year ending July 31.

 

The company said in a statement Wednesday that sales rose 13.7 percent to 5.53 billion euros, or $7.19 billion, due in part to the opening of 173 new store.

 

It added that retail sales in the first six months rose by 11 percent in local currencies.

 

All figures have been calculated at average exchange rates for the six-month period.

 

The company said the positive sales trend was continuing in the second half, with retail sales in local currencies rising 10 percent between August 1 and September.