Profits soar by 56% at online retailer Boohoo
Profits have increased by a staggering 56% to £218m at online retailer Boohoo.
The Manchester based company, which was launched in 2006 by Mahmud Kamani and Carol Kane, released its interim results this morning.
Revenues were up by 50% hitting the £395m mark and adjusted EBITDA was up by 43% to £39.6m.
The business is about to undergo a major reshuffle at the top with the appointment of a new chief executive but there is no sign of the success slowing down any time soon.
The company says it has a strong balance sheet wi... 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...