- Prachi Singh |
Spanish major Inditex’s subsidiary that manages online sales in Europe, reached a turnover of 1,137.94 million euros (1,343 million dollars) for the financial year ending January 31, 2017 increased 35.4 percent, reports elPeriodico.
The report added that the company saw its workforce increase from 340 to 417 employees during the period under review and it reported a net profit of 57.31 million euros (67.6 million dollars), a rise of 15 percent over the last year, according to the accounts filed with the Central Mercantile Registry and provided by Infoempresa.com. The company’s operating income for the year was 78.49 million euros (92.6 million dollars) against 70.51 million euros (83.2 million dollars) in the previous year.
Owner of a diverse brand portfolio that includes Zara, Bershka, Pull & Bear, Stradivarius, Uterqüe, Oysho, Massimo Dutti and Zara Home among others, Inditex that caters to markets such as Spain, Portugal, Italy, Poland, Austria, Denmark, Finland, Norway, Sweden, Switzerland, Romania, Germany, France, Monaco, Belgium, Holland, Luxembourg, United Kingdom and Ireland added Bulgaria, Czech Republic, Slovakia, Hungary, Croatia and Slovenia in 2016.
First half sales up 11.5 percent
Inditex posted a net profit of 1,366 million euros (1,613 million dollars) in the first half of fiscal year 2017-2018, an increase of 9 percent over the same period of the previous year. Sales reached 11,671 million euros (13,781 million dollars), an increase of 11.5 percent and comparable store sales rose 6 percent, while sales at constant exchange increased 11 percent.
Picture:Zara UK website