Inditex`s net sales rise 9% to EUR25.34 billion in fiscal 2017
(WorldNews Entertainment)

Revenue from online sales grew 41% in FY17, with 10% of total sales now online and 12% of the total in countries in which it has an online presence In local currencies, growth of store and online sales was 10%. Like for like sales growth was 5%, with positive growth across all geographic areas and in all concepts. EBIT reached EUR4.3 billion, 7% higher than in 2017, 12% in local currencies. Net profit totalled EUR3.37 billion, year-on-year growth of 7%. The Board of Directors plans to submit a motion to increase the dividend by 10.3% to EUR0.75 per share at the Annual General Meeting. In FY17, Inditex invested EUR1.8 billion in further developing its integrated stores and online model and upgrading...