Inditex 9-Month net profit more than triples to 2.5 billion euros

This post was originally published on this site

The owner of Zara’s net profit had plummeted to 671 million euros in the February-October period in 2020 because of the restrictions on mobility imposed around the world to curb the covid-19 pandemic.

The net profit over the first nine months of this financial year, which started on Feb. 1, was still below the 2.7 billion euros reported in the same period in 2019.

So far in 2021, Inditex has shown a healthy recovery from the pandemic crisis as its sales from February through October reached 19.33 billion euros, 37% more than the 14.1 billion euros in the same period last year, but still below the 19.8 billion euros reported in 2019.

($1 = 0.8872 euros)