ASOS profits continue to soar
01 October 2008 09:21
ASOS has seen yet another period of substantial growth as it prepares for its AGM later today. In the six months to September 30th, ASOS.com saw sales increase 104%, with 1.83 million registered users at 28 September compared to 1.43 million at 30 September 2007.
Nick Robertson, chief executive, said in a statement: "I am pleased to report another strong performance for ASOS.com. Sales for the 6 months to 30 September are 104% ahead year on year, up from 80% growth in the same period last year".
He continued: "This strong performance reflects our strategy and the investments we have made, and continue to make, across the business to support our ambitions of becoming the UK's market leader in online fashion. We remain positive about the long-term prospects for ASOS and the future of online shopping in general. We believe our business dynamics and customer base should be resilient to the wider economic issues and that online shopping will continue to gain market share. That said, we face tougher second half comparables, and still need to trade through the all important Christmas period before we can accurately assess our performance for the full year".
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