[an error occurred while processing this directive]
BBC News
watch One-Minute World News
Last Updated: Tuesday, 13 December 2005, 14:07 GMT
Cost control boost for Zara owner
Zara model
The Zara chain has grown quickly in recent years
Spanish retail group Inditex has reported a 28% rise in nine-month profits, helped by improved control over costs.

The group - which owns the Zara fashion store chain - recorded a net profit for the nine months to 31 October of 520.5m euros ($621m; 351m).

This was ahead of the average market expectation of 497m euros.

Revenues for the period rose 20% - again on a yearly basis - to reach 4.65bn euros, in line with forecasts.

The company's costs have risen in recent years alongside its fast-paced global expansion, but chief executive Pablo Isla vowed back in September that he would address the issue.

The firm said its fourth quarter, which includes the key Christmas trading period, had started in line with market expectations.

Zara chain takes fur off shelves
23 Sep 04 |  Business
Spain's retail success story
23 May 01 |  Business

The BBC is not responsible for the content of external internet sites


Americas Africa Europe Middle East South Asia Asia Pacific