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ASOS upgrades sales and profit outlook on strong demand

Wed, 12th Aug 2020 07:09

LONDON, Aug 12 (Reuters) - Online fashion retailer ASOS
on Wednesday forecast full year sales and profit
significantly ahead of market expectations, saying it was
benefiting from stronger than anticipated underlying demand.

It said revenue growth for its 2019-20 year was now expected
to be between 17% and 19% with pretax profit in the region of
130 million pounds to 150 million pounds ($170-$196 million).

($1 = 0.7668 pounds)
(Reporting by James Davey; editing by Kate Holton)

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