H&M, Inditex profits rise in latest periods

Article Abstract:

Hennes and Mauritz AB of Sweden posted soaring net profit of 21 percent to 1.089 billion Swedish Kronor ($231.7 million) for 2005 although it expects sales to slow in March. Retail clothing archrival Inditex S.A. of Spain net profit for 2005 rose 26 percent to 803.2 million Euros ($964.6 million) from 638.5 million Euros last year.

Sweden, Market share, Spain, Apparel & Shoe Stores, Clothing and Clothing Accessories Stores, APPAREL AND ACCESSORY STORES, Clothing stores, Company market share, H&M Hennes & Mauritz AB

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Inditex's profit increases by 25 percent

Article Abstract:

Inditex S.A. of Spain posted a 25 percent increase in 2006 net profit to 1 billion Euros ($1.33 billion) from 803 million Euros last year. Revenues at the Zara chain clothing stores is due to the opening of new stores and strong demand.

Financial report

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Inditex net jumps on swift growth, tight lid on costs

Article Abstract:

First-half net profit for clothing firm Inditex Group rose 33% to reach $549 mil, while revenue increased 19%. Contributing factors include strict control of costs and same-store sales, which rose by 7%.

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