Apparel Retail Giant Inditex Net Profit Growth In The First Quarter Of 10%

2011/6/16 11:30:00 64

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Clothing Retail Giant Inditex Clothing Retailer

Beijing time June 15th evening news, the world's largest

Clothing retailer

Zara

InditexSA, the owner of the brand, said Wednesday that the group's net profit in the first quarter of this year increased by 10% over the same period last year.

At present, Inditex group is expanding rapidly from the local market to other markets in the world.

In the first quarter of April 30th this year, Inditex group achieved a net profit of 332 million euros, an increase of about 10% from 301 million euros in the same period last year.

Benefiting from the opening of new stores, the group's sales increased by 11% to 2 billion 960 million euros over the same period last year, but the gross profit margin of the group in the current quarter (measuring the sales of goods)

cost

From 59.9% in the same period last year to 58.8%.

Inditex group said that the group opened 110 new stores in the current quarter, and as of April 30th, the group has 5154 stores in 78 countries.

Inditex group's performance in this quarter is slightly higher than analysts' expectations. The 8 analysts surveyed by Dow Jones newswires had expected the group's net profit to be 313 million 800 thousand euros in the current fiscal season, expecting that the group's sales in the current quarter will be 2 billion 960 million euros.