Boohoo profits rocket as international sales surge

Boohoo recycled

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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