Asos Unveils 92 Per Cent Profit Hike, but Warns of Tougher Times Ahead

The ScotsmanJune 30, 2009

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Summary


ONLINE fashion retailer Asos has revealed that its rocketing growth rate has slowed slightly in the first quarter of this year, as it reported a 92 per cent hike in full-year profits.

The firm yesterday reported that sales in the 13 weeks to 26 June were 52 per cent ahead of the same period last year - compared with 80 per cent ahead at the end of April.

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Asos Unveils 92 Per Cent Profit Hike, but Warns of Tougher Times Ahead

But profits for the 12 months to the end of March rose to GBP 71.7 m...

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