Q1 net profit at Zara-owner Inditex up 28 pct, outstrips forecasts

June 10, 2015 7:38 AM

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MADRID, June 10 Spain's Inditex, the owner of Zara fashion stores, posted a 28 percent rise in first quarter net profit on Wednesday as warm European weather and a recovering economy underpinned sales.

Net profit rose to 521 million euros ($588.42 million) in the period from Feb. 1 to April 30, outpacing expectations of 510 million euros in a Reuters poll.

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