Pre-tax profit doubles to 31 mn pounds at Boohoo

Revenue of 294.6 million pounds (377 million dollars) at Boohoo.com increased 51 percent for the year ended February 28, 2017. Gross margin was 54.6 percent against 57.8 percent in 2016, while adjusted EBITDA of 35.6 million pounds (45.6 million dollars) was 12.1 percent of revenue, up 90 percent. Profit before tax of 30.9 million pounds against 15.7 million pounds last year (20.1 million dollars), increased 97 percent.