Inditex, the owner of Zara, revealed first-half net profits surged 26% to €1.16bn (£846m) following sales growth across all of its markets.

Zara parent Inditex reported strong sales during its first half of the year

Like-for-like sales increased 7% during the period to 31 July, while group sales increased 17% to €9.42bn (£6.87bn), helped by growth across all markets.

In more recent trading, store and ecommerce sales in local currencies jumped 16% from 1 August to 10 September.

Inditex, which also owns fashion retailers Bershka and Pull & Bear, opened 94 new stores across 35 markets during the first six months of the year, bringing its total store across 88 markets to 6,777.

The Zara and Zara Home fascias accounted for the majority of the openings with 24 and 25 shops respectively.

Inditex also launched online sales in Hong Kong, Macau and Taiwan. It now sells in 28 markets.

Inditex said it had created 12,000 new jobs over the past 12 months with 2,532 of them in Spain.

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