Inditex Posts Rise In Profit

Industria de Diseño Textil SA reported a gain in its profit in the first nine months of the year. Zara store owner Inditex posted a net profit of EUR1.69 billion ($2.1 billion) for the period, versus EUR1.67 billion, in the year-ago period. Its sales climbed 7% to EUR12.71 billion. Between November 1 and December 8, store and online sales in constant currencies gained 14%, versus a 10.5% growth in the first nine months. In the first nine months, the company opened 230 stores in the period.