Wednesday, 25 April 2018

Online fashion firm Boohoo sees sales and profits surge

Online fashion firm Boohoo has reported strong full-year sales and profits.

The group saw a 97% leap in revenue to £579.8m in the year to March, as pre-tax profit rose 40% to £43.3m.

Growth was helped by the recently acquired Pretty Little Thing, which experienced a 228% rise in sales to £181.3m.

Bosses Mahmud Kamani and Carol Kane said the results had been achieved against the "backdrop of difficult trading in the UK clothing sector".

BBC     News.

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