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Inditex profits soar by more than a third

Zara owner Inditex reported a 19% increase in net sales to EUR2 billion (£1.35bn) for the first quarter of the financial year, with profits up more than a third to EUR200 million (£135m). In the 12 weeks to April 30, the group launched 114 stores globally across its Zara, Pull and Bear and Massimo Dutti fascias.