Asos still in fashion as profits and sales keep soaring
|bbc.com 17 Oct 2018 at 00:09|
The firm posted a £500m rise in revenue to £2.4bn for the year to 31 August, while profit jumped 28% to £102m, just ahead of expectations.
Shares in the fast-growing retailer have slumped this year after the firm missed analysts forecasts.
However, Asos maintained its guidance for the current year despite record investment.
Chief executive Nick Beighton said : "The potential for our business is huge and we remain focussed on building Asos into the world s number one destination for fashion-loving twentysomethings."