ASOS Plc (ASOMY.PK,ASOMF.PK,ASC.L), a British online fashion retailer, on Wednesday posted wider loss for the half year, with 18 percent downslide in revenue. In addition, the company reiterated its sales guidance for the fiscal 2024.
For the half year, the company's net loss widened to 243.2 million pounds from last year's 218.2 million pounds. However, loss per share narrowed to 204.3 pence from 218.7 pence a year ago.
On a pre-tax basis, loss was narrower at 270.0 million pounds, compared to last year's loss of 290.9 million pounds. On the same basis, adjusted loss, however, widened to 120.0 million pounds from 87.4 million pounds.
For the first half, the company's revenue slid by 18 percent to 1.50 billion pounds. Looking ahead to the full year 2024, the company continues to expect revenue to decline in the range of 5 - 15 percent.
In a separate communique, ASOS said it appointed Dave Murray as Chief Financial Officer and Executive Director, with effect from 29 April 2024. Dave recently served as CFO of MatchesFashion. Dave, with over two decades' experience in the retail and ecommerce industry, has served at Sainsburys and Amazon in the UK, before holding senior finance roles at Farfetch.
Sean Glithero, who is currently the Interim CFO, will leave the Company following a handover period to ensure a smooth transition, the company said.
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