Asos triples profits as Covid crisis boosts online sales

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Sumary of Asos triples profits as Covid crisis boosts online sales:

  • Asos has more than tripled first-half profits to a record £106m and raised full-year expectations as the online retailer continues to benefit from the pandemic..
  • Profits increased 253% year-on-year increase to £106.4m in the six months to 28 February, as total group revenues climbed 24% to £1.97bn..
  • The company said the Topshop and Miss Selfridge brands as well as the activewear label HIIT, acquired from Sir Philip Green Arcadia empire for £330m in February, had been “seamlessly”…

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