-By pratyasha sarkar
Inditex (ITX.MC), the company that owns Zara, reported a 54% increase in first-quarter profit on Wednesday as sales increased following a successful 2022 in which it outperformed competitors during a cost of living crisis.
They announced a net profit of 1.16 billion euros ($1.24 billion) for the quarter period that ended in April, above the 980 million euros average forecast of analysts in a Refinitiv poll.
