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Inditex Full-Year Profit Rises

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Zara owner Industria de Diseño Textil SA (OTC: IDEXY) reported a 5.2% gain in its net profit last year,

The company's net profit for the period rose to EUR2.5 billion ($2.65 billion), versus a year-ago profit of EUR2.38 billion.

Inditex's sales surged 8.3% to EUR18.12 billion. Like-for-like sales rose 5%, versus a 3% growth in 2013.

Between February 1 and March 14, store and online sales climbed 13% in constant currencies, versus an 11% growth.

The company announced its plans to pay a dividend of EUR0.52 per share for 2014, a 7.5% rise versus a year-ago period.

Industria de Diseño Textil shares fell 2.23% to close at $14.94 yesterday.

 

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