UK fashion retailer ASOS reports 36% rise in profit
Reuters
Published Oct 11, 2021 07:34
LONDON (Reuters) - Online fashion retailer ASOS (LON: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.
($1 = 0.7324 pounds)
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Written By: Reuters
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