British online fashion retailer ASOS reported an 87% fall in first half profit, reflecting supply chain constraints impacting stock availability and cost inflation, though it did maintain its guidance for the full year.
The group, which in October warned on full year profit and parted ways with its CEO, said on Tuesday it made adjusted profit before tax of 14.8 million pounds ($19.3 million) in the six months to Feb. 28, down from 112.9 million pounds in the previous corresponding period. Revenue rose 4% to 2.0 billion pounds.
