Inditex 2011 Profit Rises 12% on Asian, Online Expansion

Inditex SA, the world’s largest clothing retailer, reported a 12 percent increase in full-year profit as sales were boosted by openings in Asia and unveiled plans to maintain store expansion over the next three years.

Net income rose to 1.93 billion euros ($2.56 billion) in the 12 months ended Jan. 31, the Arteixo, Spain-based owner of the Zara chain said today in a statement. The average of 15 estimates compiled by Bloomberg was 1.92 billion euros.