Bolton online retailer hit by £16m loss
Bolton based online retailer AO World saw its losses slump to more than £16m last year.
Despite the rise in losses the company said revenue continued to grow in both the UK and Europe with total revenue for the period increasing by 13.6% to £796.8m.
UK growth continued to be resilient against a backdrop of a weaker UK electricals
AO website sales for the UK were up 8.7% to £606.6m. Total UK revenue was up 8.1% to £680.8m.
Europe revenue for the period increased by 54.8% on a constant currency basis to €131.2m des... 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...
