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Evening Standard
Evening Standard
Holly Williams

Asos profits plunge, but ‘green shoots’ set to see earnings recover

Online fashion group Asos has revealed mounting annual losses as it ploughs on with an overhaul, but said it was seeing ‘green shoots’ start to appear (Asos/PA) -

Online fashion group Asos has revealed mounting annual losses as it ploughs on with an overhaul, but said it was seeing “green shoots” start to appear.

The firm slumped deeper into the red with pre-tax losses of £379.3 million for the year to September 1, against losses of £296.7 million the previous year.

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