AO World set to see profits leap by nearly a third as sales jump

Online electricals retailer AO World has revealed that annual profits almost trebled despite falling sales and said it remains on track to bounce back with double-digit revenue growth over the year ahead (AO Wolrd/PA) -

Online electricals retailer AO World has said it expects annual profits to jump by nearly a third and predicts double-digit sales growth over the year ahead despite wider economic uncertainty.

The group said it expects to post a rise of around 7% in like-for-like sales for the year to March 31, with total sales up by about 12%.