Boohoo’s profits almost doubled in its first half as the etailer recorded “strong revenue growth” across its markets.
The online fashion business posted an 83% surge in pre-tax profit to £45.2m during the six months to August 31.
On an adjusted basis, stripping out exceptional costs, pre-tax profit grew 45% to £51.8m, while adjusted EBITDA climbed 53% to £60.7m.
Boohoo said revenues across the group advanced 43% to £564.9m in its first half, spearheaded by a 55% spike in international sales, which now account for 44% of group revenues. Sales from its domestic UK business were up 35%.
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