ASOS profits slump 68% on warehouse problems

LONDON (Reuters) - British online fashion retailer ASOS reported a 68% slump in full year profit, hurt by problems in ramping-up warehouses in the United States and Germany.

ASOS, which issued its latest profit warning in July, said on Wednesday it made a pretax profit of 33.1 million pounds ($42.2 million) in the year to August 31 - in line with July’s guidance of 30-35 million pounds but down from 102 million pounds made in 2017-2018.

The group, whose shares...
source: Reuters

2019-10-16 09:32
Latest news from Reuters
today 12:38 Labour Party hit by cyber attack ahead of election
today 11:35 Labour Party targeted in large-scale cyber attack ahead of election
yesterday 20:53 UK PM Johnson to chair emergency meeting on flooding
yesterday 15:38 Twitter takes steps to keep UK election 'healthy and safe'
yesterday 14:35 Election gift for PM Johnson: Brexit Party stands down in Conservative seats
yesterday 13:32 Brexit Party's Farage says will not challenge PM Johnson's Conservatives in 317 seats
yesterday 12:29 UK building sector hit by surge in insurance costs after Grenfell fire
yesterday 09:20 Factbox: How will Britain's Dec. 12 'Brexit election' work?
2019-11-10 15:23 Sinking suburban 'home' drifts down Thames in watery climate protest
2019-11-10 14:20 Conservatives warn of economic crisis under Labour, citing disputed dossier
2019-11-10 13:17 Javid says opposition Labour would trigger economic crisis - BBC
2019-11-10 02:47 Conservatives gain over Labour - Independent poll
2019-11-10 01:44 Conservatives put £1.2 trillion price tag on Labour opposition plans
2019-11-10 00:41 UK to quadruple quota for migrant farm workers - Sunday Telegraph
2019-11-09 23:38 Labour gains versus Conservatives - poll
2019-11-09 22:35 UK's Labour gains versus Conservatives - poll
2019-11-08 23:29 Invesco UK manager defends 'well diversified' funds after downgrade
2019-11-08 20:20 Conservatives steady at 40%, Labour up 1 point to 30% - poll
2019-11-08 19:17 UK election: Conservatives steady at 40%, Labour up 1 point to 30% - poll
2019-11-08 17:11 Woman dies as downpours bring floods across central and northern England
Latest news from Great Britain
today 13:14 Jo Swinson visits Yorkshire after pledging £5,000,000,000 flood defence fund
today 13:14 KFC staff call dad ‘s**tface’ on gravy pot for his chicken wings
today 13:14 Former Labour health secretary Frank Dobson dies aged 79
today 13:14 Gran, 71, is UK’s oldest PCSO and has no plans to retire
today 13:14 Uber driver jailed for groping woman as she vomited out of car door
today 13:14 Tory slams rival for not wearing poppy after posting poppy-less picture
today 13:14 Fortnite update 11.11 patch notes: New content, fixes, changes, tweaks and downtime NEWS
today 13:14 Transfer news LIVE: Man Utd bid for Spain winger, Arsenal new arrival, Liverpool U-turn
today 13:14 Phillip Schofield and Holly Willoughby confirm major ITV schedule shake-up
today 13:14 Disney+ update: BIG news for Star Wars fans as streaming service launches
today 13:14 France rush to check nuclear reactors after powerful earthquake strikes – four injured
today 13:14 Full Moon 2019: What is the spiritual meaning of the Beaver Moon tonight?
today 13:14 Iran 'on verge of conflict with Israel' as Trump weaknesses exposed
today 13:14 UK flood warnings today: More than 100 warnings in place as heavy rain looms
today 13:14 Pat Sajak health: Wheel of Fortune presenter on his emergency surgery - symptoms
today 13:14 ‘We are going to WAR’ Dozens of rockets rain down on Israel after top commander killed
today 13:14 EU ARMY: New chief Charles Michel orders EU to ramp up defence spending
today 12:38 Labour Party hit by cyber attack ahead of election
today 12:26 Go global with the Genesis Emerging Markets Trust
today 12:26 How to get incredibly cheap toys at Argos using an online trick
today 12:26 How to get incredibly cheap toys at Argos using an online trick
today 12:26 A cheap FIFA 20 deal brings the price down to £35
today 12:26 Police appeal after hooded cyclist robbed woman after pushing her to the floor
today 12:26 This is why the Coca Cola truck is not coming to Hull for Christmas 2019 tour
today 12:11 EU foreign ministers extend sanctions on Venezuela
today 12:11 Labour will ‘throw open the door’ for adults to study for free
today 12:11 IER report debunks political myths on businesses
today 12:11 Six children in England rushed to hospital for pneumonia every hour
today 12:11 World in brief November 12 2019
today 12:11 Tributes paid to woman, 23, who was found dead in woodland
today 12:11 Newborn baby dies after suffering horrific ‘suspicious’ injuries
today 12:11 Hillary Clinton says Boris Johnson’s government is not doing enough to protect female MPs
today 12:11 Pokemon Sword and Shield release date blow: More cancellations hit Nintendo Switch release
today 12:11 Driver forced to almost double his car parking fine because of this NCP car park error
today 12:11 French police clash with furious pro-Catalonia protesters on major Spanish-French highway
today 12:11 Cars to be fitted with alcohol detector and speed limiters by 2022
today 12:11 Raheem Sterling and Joe Gomez bust-up: Timeline of everything we know from England fallout
today 12:11 Chicago weather warning: Upper midwest big freeze as ‘record breaking’ arctic surge hits
today 12:11 Hurricane warning: US face hurricanes three times more dangerous than 100 years ago
today 12:11 Hotel secrets: Caribbean mega resort reveals sneaky trick to make guests spend more
today 12:11 Pope Francis warning: Vatican chief challenges US bishops in Catholic Church 'bomb drop'
today 12:11 Europe weather: THREE storms to hit Spain as large mass of cold air blasts Europe
today 12:11 Climate chaos to force people underground as weather becomes unbearable
today 12:11 Bowel cancer symptoms: The three main warning signs that could signal the deadly disease
today 12:11 Scam warning: Action Fraud reveals worrying way fraudsters could con victims twice
today 12:11 Brexit Party are not helping the Conservatives despite fresh pact claims election expert
today 12:11 Hillary Clinton claims she would have been 'better' and 'more successful' than Trump
today 12:11 Lulu, 71, wows in black swimsuit during sun-soaked Turks and Caicos getaway
today 12:11 Watch AWKWARD moment between Corbyn and Rayner as they fail to greet each other
today 12:11 Donald Trump promises to release transcript of ‘important’ call with Ukrainian President
Watch the news from UK on Facebook