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IDEXY Industria De Diseno Textil Inditex SA (PK)

24.61
-0.23 (-0.93%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Industria De Diseno Textil Inditex SA (PK) USOTC:IDEXY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -0.23 -0.93% 24.61 24.55 24.70 24.75 24.3805 24.62 312,972 21:03:41

Inditex Lifted by Home Market Gains

18/03/2015 7:14am

Dow Jones News


Industria De Diseno Text... (PK) (USOTC:IDEXY)
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By Christopher Bjork 

LA CORUÑA, Spain-- Zara store owner Industria de Diseño Textil SA said Wednesday that net profit rose 5.2% last year, helped by rebounding sales in its Spanish home market and further expansion in China and other fast-growing economies.

The Arteixo, northwestern Spain-based retailer said net profit was EUR2.5 billion ($2.65 billion) between Feb. 1 and Dec. 31, compared with EUR2.38 billion a year earlier. Inditex's sales grew 8.3% to EUR18.12 billion.

The world's largest fashion retailer by sales has in recent quarters been helped by a rebound in consumption in Spain, where the company derives a fifth of its sales. The addition of 343 new stores on five continents and rising online sales also propelled growth.

Like-for-like sales grew 5% during the last fiscal year, compared with 3% in 2013.

Inditex said sales in the first weeks of the new year had continued the growth trend. Store and online sales in constant currencies grew 13% between Feb. 1 and March 14, compared with a growth rate of 11% in 2014.

The company said it plans to pay a dividend of EUR0.52 a share on 2014 results, up 7.5% from a year earlier.

Write to Christopher Bjork at christopher.bjork@wsj.com

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1 Year Industria De Diseno Text... (PK) Chart

1 Year Industria De Diseno Text... (PK) Chart

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1 Month Industria De Diseno Text... (PK) Chart

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