The owner of Zara is to pay a special dividend to shareholders but lower than expected profits cast a pall over the group’s annual results.
Inditex, the world’s largest clothing retailer, said that investors would receive a bonus payment of €1 a share to be paid in instalments between now and the end of its 2020 financial year, while its dividend policy will change to increase its ordinary payout from 50% to 60%.
News of the payouts came as Inditex revealed that its net profits had come in 2% higher at €3.4bn in the year to January 31.
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