Asos sales jump on international growth

Asos model Asos now operates in seven countries

Related Stories

Online fashion retailer Asos has reported a sharp rise in sales, although headline profits slumped due to the continuing costs of relocating to a new warehouse.

Revenue for the six months to the end of September rose to £217m, up more than 50% on a year earlier.

Overseas sales more than doubled and continued to drive revenue growth.

Pre-tax profit was £4.5m, down from £7m a year earlier. This was due to £7m of warehouse-related costs.

While sales in the UK rose 8% to £89m, those internationally jumped by 150% to £122m.

"I am pleased to report strong first half performance... [reflecting] the increased contribution or our international business," said Asos chief executive Nick Robertson.

"During the half we launched three more country-specific sites in Australia, Italy and Spain, taking the total number to seven."

He added the company "remains confident" of hitting its full-year profits targets.

Asos has reported consistently strong results in recent years, in contrast to many High Street retailers who have struggled to bounce back from the recession.

The company has said it expects to hit £1bn of sales by 2015.

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

More Business stories

RSS

Features

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.