Spanish fashion retailer Inditex SA (IDEXF.PK) posted fiscal 2012 net income of 2.3 billion euros, up by 22% from last year.
The Group clocked net sales of 15.9 billion euros in fiscal 2012, a 16% increase, compared with 2011. In constant currency terms, annual net sales were 14% higher, while like-for-like store sales climbed 6% in the same period.
In addition, the board would submit a proposal at the Annual General Meeting to raise the dividend by 22%, to a total of 2.20 euros per share. The Group created 10,802 new jobs during the year, as its workforce grew to 120,314 employees at the end of 2012. Inditex hopes to increase its stores by between 440 and 480 new establishments in 2013.
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