MADRID, Sept 21 The world's biggest clothing
retailer Inditex on Wednesday reported first half net
profit up 8 percent from a year ago driven higher by strong
sales as it focuses on flag-ship stores and its online
Inditex's solid earnings set it apart from European peers
such as H&M and Next, which blamed a warm
winter and a cold spring for below-forecast figures last week
and consistently have lagged behind their Spanish rival.
Inditex's net profit was 1.26 billion euros ($1.40 billion),
just above a Reuters polled forecast of 1.25 billion euros, on
earnings before interest, tax, depreciation and amortisation
(EBITDA) of 2.11 billion euros.
A Reuters poll forecast EBITDA of 2.1 billion euros for the
six months from February to July.
($1 = 0.8985 euros)
(Reporting by Angus Berwick; Editing by Paul Day)