Plus   Neg

ASOS Plc H1 Pretax Profit Rises; Retail Sales Up 27% - Quick Facts

ASOS plc (ASOMY.PK,ASOMF.PK,ASC.L) reported profit before tax of 29.9 million pounds for the six months to 28 February 2018, up 10% compared to last year. Profit for the period attributable to owners of the parent company increased to 24.5 million pounds from 21.9 million pounds. Earnings per share increased by 11% to 29.2 pence.

First-half Group revenues were 1.16 billion pounds compared to 911.5 million pounds, previous year. The Group generated retail sales growth of 27% during the period, with UK growth of 22% and strong international growth of 31% (28% constant currency). International retail sales accounted for 63% of total retail sales.

Looking forward, the Group said its current year and medium term sales and EBIT margin guidance remain unchanged.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The CEO of German engineering giant Siemens AG criticized U.S. President Donald Trump as becoming the "face of racism and exclusion" following his alleged racist comments targeting four progressive Democratic Congresswomen recently. "It depresses me that the most important political office of the world will be the face of racism and exclusion," Joe Kaeser said in a Twitter post in German. Volvo Cars issued a recall for 507,000 vehicles worldwide, citing a risk of fire due to a faulty engine component. The Swedish automaker reportedly said it has received reports of a small number of cars catching fire, but no one has been injured. The recall could affect certain vehicles produced during the period from 2014 to 2019 and having two-liter, four-cylinder diesel engines. Auction house Sotheby's said on the 50th anniversary of the Apollo 11 lunar landing, it has auctioned the three original videotape recordings depicting the event for $1.82 million in New York. The price is more than 8,000 times the price paid for the tapes by then-NASA intern Gary George at a government surplus auction in 1976. Apollo 11 was the spaceflight that first landed humans on the moon.
Follow RTT