LONDON, Sept 30 (Reuters) - British online fashion retailer
Boohoo, seeking to rebuild investor confidence after
failings were found in its UK supply chain, on Wednesday
reported a 51% increase in first half profit and raised its full
year guidance.
The company, which sells own-brand clothing, shoes,
accessories and beauty products targeted at 16- to 40-year-olds,
said it made a pretax profit of 68.1 million pounds ($87.4
million) in the six months to August 31, up from 45.2 million
pounds a year earlier, on revenue up 45% to 816.5 million
pounds.
It said group revenue for 2020-21 was now expected to grow
by 28% to 32% versus approximately 25% previously.
($1 = 0.7794 pounds)
(Reporting by James Davey; editing by Jason Neely)