Boohoo bucks gloomy retail picture with spectacular financial year
Boohoo, the Manchester-based fashion brand, bucked the doom and gloom of the retail sector after almost doubling revenues and reporting a 40% rise in pre-tax profits for the year to February 28, today.
Turnover forged ahead by 97% £579.8m, while profits before tax jumped from £30.9m last year to £43.3m.
Sales growth was strong across all its geographies, with the UK showing a 95% increase and international achieving a 99% improvement.
The group's balance sheet shows net cash of £133m, up from £58.4m a year ago, following... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
