Zara owner Inditex posts better-than-expected 40% profit jump as price rises slow

Inditex, which also owns Bershka, Pull & Bear and other brands, said sales at constant currencies between August 1 and September 11 were 14% higher than a year earlier, showing that the pace of summer sales continues as autumn collections start to arrive.

The company posted a net profit of €2.5bn for the six months to July 31. Pic:Gareth Chaney/Collins

Zara owner Inditex beat expectations with a 40% jump in half-year profit despite the world's biggest fashion company slowing the pace of its price increases.

The company posted a net profit of €2.5bn for the six months to July 31.