Tuesday, 17 October 2017

Online fashion retailer Asos profits surge as overseas sales boosted by weak pound

Online fashion retailer Asos has reported record annual sales and profits, boosted by the weak pound and a "strong international performance".

Pre-tax profits jumped by 145% to £80m in the 12 months to 31 August, compared with £32.7m last year.

Retail sales rose by about a third to £1,88bn.

Asos, which targets people in their twenties, also said it had upgraded its outlook for sales growth in the current financial year.

It now expects sales to grow by 25-30%.

BBC    News.

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