UPDATE 1-Overseas sales offset slower UK growth for ASOS

Mon Nov 16, 2009 7:13am GMT
 
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* H1 pretax profit up 9 pct to 4.4 mln stg

* Sales up 46 pct in 7 weeks to Nov. 15 vs 47 pct in H1

* UK sales up 23 pct in 7 week period vs 33 pct in H1

* Overseas sales up 161 pct in 7 weeks vs 112 pct in H1

(Adds detail, background)

LONDON, Nov 16 (Reuters) - Online fashion retailer ASOS (ASOS.L) posted a 9 percent rise in first-half profit and said sales remained strong in its second half, with a pick up in overseas demand offsetting slower growth in Britain.

The firm, which targets internet-savvy 18-34 year olds looking to emulate the designer looks of celebrities like Kate Moss and Victoria Beckham, but at a fraction of the price, said on Monday it made a pretax profit of 4.4 million pounds ($7.3 million) in the six months to Sept. 30.

In September ASOS had said first-half profits would be "marginally ahead" of the same time last year.  Continued...

 

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