Online fashion and beauty store ASOS continued its recent barnstorming performance, boosting revenues by a third in the last quarter.
Group revenues were up 31% to £145.2m in the fourth quarter, the firm said in a trading update.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
International sales now make up 65% of the company's total business, it said.
Retail sales for the full year to the end of August increased 38% to £538m.
ASOS' retail gross margin was up 70bps on prior year, while the number of active customers on its site rose by almost a third to 5m by the end of August.
"Profit for the five months ended August 31 and pro forma full year, are expected to be in line with expectations, and we approach our new financial year with continued confidence," said Chief Executive Nick Robertson.
-
Millions at risk of 'unnecessary' tax bill – how to shield your savingsMillions of Brits could be taxed on their savings interest this year as their savings interest exceeds the personal savings allowance. Are you at risk?
-
Savers will have to wait as long as 48 years to build a £1m cash ISA pot if allowance is cutChancellor Rachel Reeves is rumoured to be planning a cut to the cash ISA allowance in the Autumn Budget, making it harder for savers to build wealth. Will you still be able to build a £1 million cash ISA pot?
