Company news
ONLINE fashion retailer Asos has posted a jump in third quarter revenue, helped by a surge in international sales and investment in lower prices.
Asos said total sales in the four months to June 30 rose 32 per cent to £676 million, driven by strong growth in the US and Europe, where revenue rose 38 per cent and 41 per cent respectively.
In the UK, revenue rose 16% to £234.6 million.
The company has previously said, as a net exporter, the collapse in the value of the Brexit-battered pound has helped its international sales rocket and allowed it to plough more into price cuts.
Asos said it remains on track to notch up full year pre-tax profit of £79.4 million.
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