Zara Owner Inditex Posts Strong H1 Results But Shares Fall on Profit-Taking

Inditex, owner of Zara, posted a 40% jump in H1 net profit to 2.5 billion euros, beating expectations.

Sales rose 13.5% to 16.9 billion euros, driven by summer sales and price increases.

However, shares fell 1.5% as investors booked profits after a 58% surge over the past year.

Inditex kept its outlook unchanged and sees strong growth opportunities with low market penetration globally.

The company is renewing anti-shoplifting tags with chips sewn into garments to reduce checkout times.