LONDON Oct 18 ASOS, the British online
fashion retailer, on Tuesday reported a 37 percent rise in
annual profit after strong growth across its UK, U.S. and
European markets, and said it was confident on its new financial
ASOS posted underlying pretax profit of 63.7 million pounds
for the year to August 31, slightly ahead of analysts' average
forecast of 62 million, and a big rise on the 46.4 million
pounds it posted last year.
The higher profit came as sales rose by 26 percent across
its UK and international markets, and after it benefited from
the weakening of sterling versus the U.S. dollar and euro in the
wake of Britain's vote to leave the European Union in June.
Recently, ASOS has been under fire from unions and media
over working conditions at its main warehouse in northern
England, but said in its statement that such commentary was
inaccurate and misleading.
(Reporting by Sarah Young, Editing by Paul Sandle)