ASOS just about justifies its premium rating

High-flying ASOS did enough to prevent any doubts forming about its ability to continue its rapid growth with its fourth quarter update, but not enough to dissuade some shareholders from banking recent gains.

Online fashion and beauty store ASOS turned in its usual quarter of strong top line growth, although after the share's recent good run, market reaction to its trading update was muted.

Group revenues were up 31% to £145.2m in the group's fourth quarter, which following a change in year-end now runs to the end of August.

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