IDEXY Industria De Diseno Textil Inditex SA (PK)

   (FROM THE WALL STREET JOURNAL 12/11/15) 
   By David Roman 

Industria de Diseno Textil SA, the retailer behind the Zara fast-fashion chain, said Thursday it plans to launch online operations in all European markets next year, as it posted third-quarter results that exceeded expectations.

Inditex, as the Spanish company is known, said net profit for the nine months ended Oct. 31 rose 20% from the same period last year to 2.02 billion euros ($2.21 billion). It didn't provide separate numbers for its fiscal third quarter, but a Wall Street Journal calculation shows third-quarter net profit rose 13% on the year to 854 million euros, compared with analysts' expectations of 645 million euros, according to FactSet.

Sales grew 15% to 5.32 billion euros, this calculation shows, as the company continued a strong pace of new store openings.

(END) Dow Jones Newswires

December 11, 2015 02:47 ET (07:47 GMT)

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