Inditex profit jumps as Zara owner lifts prices

The company's net profit in February-October reached €3bn, up from €2.5bn a year ago.

Zara shop on Henry Street in Dublin .Pic: Collins Photo Agency

Zara owner Inditex posted a 24% increase in net profit for the first nine months of its fiscal year, as price rises helped offset weakening global demand for clothing.

The world's biggest fashion retailer's store and online sales rose 19% from a year ago, slightly faster than analysts had expected.