INDITEX - Industria de Diseño Textil SA (via Public) / Inditex delivers €866 million net profit in the third quarter, and reaches historic net cash position
â¬14.1 billion in the first nine months of its fiscal 2020 (1 February to 31 October), compared to â¬19.8 billion the same period in fiscal year 19. The third quarter (1 August to 31 October) registered the evident sales improvement shown since March, with sales of â¬6.1 billion, compared to â¬7 billion in 3Q19, a year-on-year decline of 14% (10% in constant currencies) after reductions of 31% in 2Q20 and 44% in 1Q20. During the third quarter, 5% of the Group's stores remained closed and 88% continued to face significant limitations in terms of space, trading hours or capaci...
Source: publicnow.com