Inditex reports rise in profits

Note: This section contains information in English only.
Source: BBC

Inditex, the world's leading clothes retailer, reported unexpected increase in profits by 10% supported by rise in Asian online sales. The total net profit for the first three quarters of 2011 jumped to 1.3bn euros as compared to 1.17bn euros for the same period in 2010 with increase is sales by 10% to 9.7bn euros. The company claimed it would not raise prices but will increase the number of stores next year.

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