El Corte Inglés: profit rises 11.5 percent, fashion and beauty grow 4 percent

FashionUnited reports that El Corte Inglés made 249 million euros in net profit in its financial year's first half, an increase of 11.5 percent. Total revenue reached 8.4 billion euros.

Fashion and beauty revenue rose 4 percent to 2.78 billion euros, according to FashionUnited, a slower pace than the increase in net profit.

FashionUnited also reports that 294 million euros was allocated to changes across commercial operations, logistics and technology.