ASOS has confirmed that it grew its revenues by 26 per cent to £2.4 billion for the year to 31st August whilst achieving a 28 per cent increase in its pre-tax profit which came in at £102 million. The online fashion retailer grew its UK sales by 23 per cent and saw an even larger uplift of 27 per cent from its international activities.
ASOS CEO Nick Beighton said: “This has been another year of substantial progress for Asos. We delivered 26 per cent sales growth and 28 per cent profit growth whilst investing heavily in the long-term potential of the business. Our reported profit increase was achieved despite bearing material transition costs due to our investment programme. All our financial and customer key metrics have shown positive growth.”
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