By  on June 9, 2010

Spain’s Inditex SA, the owner of the Zara retail chain, boosted confidence in a rebound in consumer spending with a 63 percent jump in net profit during the first quarter.

Europe’s largest clothing retailer posted net profits of 301 million euros, or $408 million, in the three months ending April 30, exceeding analysts’ expectations and sending the stock price up 7.5 percent to 47.19 euros, or $56.37, by the close of trading on Wednesday.

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