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AO World Posts Higher H1 Results

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

Electrical retailer AO World Plc (AO.L), on Tuesday, reported H1 earnings attributable to owners of the parent company rose to £11.2 million from £9.4 million last year. On a per share basis, earnings totaled 1.88 pence versus 1.59 pence earned a year ago.

Earnings from continuing operations increased to £11.1 million or 1.86 pence per share from £9.4 million or 1.59 pence per share in the prior year period.

Revenue for the period amounted to £512.1 million, higher than the previous year's revenue of £481.7 million.

Looking ahead, the company now expects FY adjusted profit before tax to range between £39 million and £44 million, with revenue group revenue of £1.09 billion - £1.13 billion with growth of above 10% in B2C retail.

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