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Zara owner
Industria de Diseño Textil SAIDEXY reported a 5.2% gain in its net profit last year,
The company's net profit for the period rose to EUR2.5 billion ($2.65 billion), versus a year-ago profit of EUR2.38 billion.
Inditex's sales surged 8.3% to EUR18.12 billion. Like-for-like sales rose 5%, versus a 3% growth in 2013.
Between February 1 and March 14, store and online sales climbed 13% in constant currencies, versus an 11% growth.
The company announced its plans to pay a dividend of EUR0.52 per share for 2014, a 7.5% rise versus a year-ago period.
Industria de Diseño Textil shares fell 2.23% to close at $14.94 yesterday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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