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ASOS Plc FY Pretax Profit Rises; Retail Sales Up 26% - Quick Facts

ASOS plc (ASOMY.PK,ASOMF.PK,ASC.L) reported profit before tax of 102.0 million pounds for the year to 31 August 2018 compared to 80.0 million pounds, prior year. Earnings per share was 98.0 pence compared to 76.6 pence.

Fiscal year group revenues increased to 2.42 billion pounds from 1.92 billion pounds, previous year. Retail sales grew at 26% on a reported basis to 2.35 billion pounds and were up 24% on a constant currency basis.

Nick Beighton, CEO, said: "This has been another year of substantial progress for ASOS. We delivered 26% sales growth and 28% profit growth whilst investing heavily in the long term potential of the business. Our reported profit increase was achieved despite bearing material transition costs due to our investment programme. All our financial and customer key metrics have shown positive growth. Our guidance remains unchanged both for the current year and the medium term, despite our record levels of investment."

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