Inditex,
the Spanish owner of retailer fashion chain Zara, has reported a fall in
first-half profits.
Net
income at the world's largest clothing retailer fell to 928m euros (£738m;
$1.2bn) from 951m euros in the same period a year earlier.
However,
the fall was smaller than analysts had been expecting, and sales at Inditex's
more than 6,400 stores rose 5.6% to 8.1bn euros.
In
addition, it said sales at the start of the third quarter rose 10%.