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Asos reports profits ahead of expectations
International sales surged for the 4 weeks to 24th April, up 173% year on year.
Sales for the 12 months to 31 March 2009 rocketed by 104 per cent to £165m. For the 4
"I am pleased to report another excellent year for ASOS. Sales increased 104% to £165m and we expect our profit before tax to be slightly ahead of market expectations. The business remains debt free, and as at 31 March 2009 had £13.6m of cash," said chief executive Nick Robertson.
"We are not immune to the prevailing economic conditions, however, as widely reported, younger fashion is proving more resilient, internet shopping continues to gain in popularity and our international sales are being bolstered by the weak pound," he added.
Tagged as: asos | online shopping | internet | etail.
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