IDEXY Industria De Diseno Textil Inditex SA (PK)

By David Roman 

MADRID-- Industria de Diseno Textil SA, the retailer behind the Zara fast-fashion chain, said Thursday that net profit rose 20% in the nine months to Oct. 31.

Inditex, as the company is commonly known, based in Arteixo, northwest Spain, said net profit in the period was EUR2.02 billion ($2.22 billion) compared with EUR1.69 billion a year earlier. Sales grew 16% to EUR14.74 billion.

In a trading update for the company's ongoing fourth fiscal quarter, Inditex said that sales in local currencies grew 15% over the period between Nov. 1 and Dec. 3, in line with the previous nine months.

The company maintained a strong pace of new store openings, adding 230 stores during the first three fiscal quarters of the year, the same amount it added in the comparable period of 2014. Inditex currently has 6,913 stores all over the world.

Write to David Roman at david.roman@wsj.com

(END) Dow Jones Newswires

December 10, 2015 01:40 ET (06:40 GMT)

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