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ASOS posts “strong” performance

ASOS has delivered "another strong" performance for the year ending 31 March as profit before tax including exceptionals rocketed 93 percent to GBP30 million (USD47.09m), as it reveals chairman Lord Waheed Alli prepares to step down from the business.

Total retail sales increased 49 percent to GBP481m as UK retail sales grew a "solid" 7 percent to GBP197m against international retail sales – the "key driver" for retail sales – which continue to surge, up 103 percent to GBP283m.

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(Source: Retail Week)