€1.3 billion

Profit between February and July for Zara and Massimo Dutti owner Inditex

Spanish fashion retailer Inditex reported strong first half profits near pre-pandemic levels as sales rebounded, with customers returning to stores and shopping online.

The retail giant’s bottom line had been decimated by lockdown measures at the height of the Covid crisis last year, but the reopening of economies have brought shoppers back to its stores.

Sales reached 11.9 billion euros (Dh51.66 billion), up 49 per cent from a year ago.

The company said its earnings reached “historic” highs in the second quarter. Net profit reached 851 million euros over the May-July period.