Zara-owner Inditex's H1 gross margin eroded by strong euro
It posted a 9% higher profit of 2.29 billion euros before interest, tax, depreciation and amortisation
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Madrid
INDITEX, the world's biggest clothing retailer and owner of the Zara brand, posted a 9 per cent rise in first-half profit but gross margin as a percentage of sales slipped from the year-ago period due to the stronger euro.
The Spanish company, which also owns teen brand Bershka and upmarket label Massimo Dutti, said net profit came in at 1.37 billion euros (S$2.21 billion), slightly missing forecasts, for its first half that ended on July 31.
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
