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UK fashion retailer ASOS reports 36% rise in profit

Reuters
Updated ·1-min read
FILE PHOTO: Asos logo is seen in a smartphone in front of a displayed TopShop logo in this illustration

LONDON (Reuters) - Online fashion retailer ASOS reported a 36% rise in full-year profit on Monday after seeing exceptional demand in its home British market, but added that supply chain pressures and higher costs would weigh on its 2022 outcome.

The company, which also announced the departure of chief executive Nick Beighton, reported adjusted pretax profit of 193.6 million pounds ($264.3 million) for the year to end-August, It said it expected the outcome for the current year to be in the range 110-140 million pounds.

($1 = 0.7324 pounds)

(Reporting by Paul Sandle; Editing by Kate Holton)