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Profits down at Zara firm

Spanish fashion retailer Inditex, which owns Zara, has said its net profits fell seven per cent to £327million in the quarter to March 31.

That came in spite of a four per cent lift in sales to £3billion.

The company, which opened 53 new stores in the period, was impacted by a stronger euro on earnings in other currencies.

Contextual targeting label: 
retail

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