Spain's Inditex, has reported a 25% rise in 2007 net profit (4/01/2008)
Socialist Party wins Spain's general election (3/10/2008)
Europe's top court has criticised Spain for trying to obstruct a German takeover of Endesa (3/07/2008)
Immigrants now make up 7.5% of the population of the rich countries as a whole (2/29/2008)
Spain's surplus hit 2.2% of gross domestic product (2/20/2008)
Spain's first high-speed rail link between Madrid and Barcelona has become operational (2/19/2008)
How Spain has become a world leader in the field of organ donation (2/19/2008)
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Spain's Inditex has reported a 25% rise in 2007 net profit
The owner of the Zara fashion chain, Spain's Inditex, has reported a 25% rise in 2007 net profit and says it is upbeat on sales figures for 2008.
Inditex, the world's second-largest clothing retailer, said its 1.25bn-euro ($2bn; £1bn) profit was down to the weak dollar and tight cost control.
It added that between 1 February and 23 March sales were up 17.5%.
About 40% of Inditex's sales come from Spain, which is experiencing a slowdown in overall retail sales.
Inditex, which also owns Massimo Dutti, the Pull and Bear chain and trendy teen store Bershka, said annual sales rose 15% to 9.44bn euros.
The firm, Europe's largest fashion retailer, said that it hoped to open between 560 and 640 stores during 2008.
Inditex has been expanding aggressively, especially in fast-growing economies such as China and Russia.
