By John Glenday

Online fashion destination ASOS has posted a ‘strong’ set of interim results for the six month period to 28 February 2014 with both active users and group revenues up by over a third year-on-year.

Group revenues totalled £481.7m, up from £359.7m over the same period in 2013, a 34 per cent increase whilst its active customer base meanwhile leapt 36 per cent to hit 8.2m.

Despite making this headway ASOS reported a 22 per cent decline in overall profits from 25.7m last year to £20.1m this year as an investment drive in IT and warehousing ate into margins.

Nick Robertson, CEO, commented: “This Read full story ›

Source: The Drum