Inditex (Zara): first half profit beyond expectations, +1% to 951 million

The first half of Inditex is on file, which closes with revenues and profits growing beyond analysts' expectations. The Spanish clothing retail giant, owner, among other things, of the Zara brand, reported in the first six months of 2013 a turnover up 6% to 7,65 billion, while net profit, on the rise by 1%, it stood at 951 million euro. Ebitda stable at 1,62 billion. In the period considered, Inditex opened 95 stores in 40 different countries, among which China stands out.