Attention: You are using an outdated browser, device or you do not have the latest version of JavaScript downloaded and so this website may not work as expected. Please download the latest software or switch device to avoid further issues.

News > Partner Organization News > UK fashion retailer ASOS reports 36% rise in profit

UK fashion retailer ASOS reports 36% rise in profit

Online fashion retailer ASOS reported a 36% rise in full-year profit on Monday after seeing exceptional demand in its home British market

LONDON, Oct 11 (Reuters) - Online fashion retailer ASOS reported a 36% rise in full-year profit on Monday after seeing exceptional demand in its home British market, but added that supply chain pressures and higher costs would weigh on its 2022 outcome.

The company, which also announced the departure of chief executive Nick Beighton, reported adjusted pretax profit of 193.6 million pounds ($264.3 million) for the year to end-August, It said it expected the outcome for the current year to be in the range 110-140 million pounds.

Most read

City, December 5, 2023 – The Cityville High Debate Club made headlines after winning the regional championship for the first time in five years. More...

Cityville, September 8, 2023 – Cityville High School has unveiled a brand-new STEM lab, providing students with hands-on learning opportunities in sci… More...

A new tech education program is being rolled out in City schools, giving students hands-on experience in coding, robotics, and digital problem-solving… More...

Have your say

 
image

The Shepherds BuildingSH.LG6, Charecroft WayLondon, W14 0EE

Contact us

ToucanTech Ltd.
Email:
example@email.com
Tel:
+44 7911 123456
Fax:
+44 161 999 8888

This website is powered by
ToucanTech