Fast fashion chain Zara’s UK business posted a sharp full-year profits jump as it cut back on spending.

The fashion chain’s UK arm pre-tax profits soared from £618,000 to £15.8m in its year ending January 31.

Sales grew marginally from £310.6m to £332.4m over the period.

The 65-store chain is understood to have curbed spending over the last year when it opened no new stores.

The retailer’s performance was lifted by the launch of its transactional website in September.

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