Boohoo.com joy at spectacular year-end performance
Manchester-based fast fashion retailer Boohoo.com is celebrating soaring year-end revenue and profits, as predicted by apparently leaked reports to the national business press at the weekend.
Turnover for the year ended February 28 climbed 51% to £294.6m (2016: £195.4m) while pre-tax profits grew 97% to £30.9m (2016: £15.7m).
The company reported a strong balance sheet with £58.4m in cash after capital expenditure, which included the £20m acquisition of in the intellectual property of US company Nasty Gal out of bankrupt... 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...
