Asos has reported retail sales of £536.4 million for the six months to 28 February, representing a 14% increase on the same period last year.
The online fashion house said UK sales were up 27% to £231.4 million, while international sales grew at a slower rate of 5% – totalling £305 million.
Profit before tax dropped 10% to £18 million, with the business investing significantly in behind-the-scenes systems, warehousing and international price points to drive sales and create a platform for future growth. The costs associated to last summer's warehouse fire also had an impact.
Today's interim statement from Asos indicated that the company remains committed to investing a total of £75 million in its technology by the end of the next financial year – not, it must be emphasised, £750 million, as accidentally referenced in the audio.
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