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Fashion

Asos H1 increased sales not enough to offset lower margins

ANALYSIS_Online fashion giant Asos posted a 34 percent increase in sales for the first half of its current fiscal year, to 482 million pounds. However, this leap wasn´t enough to offset the backlash of lower-than-expected profit and margins. Despite the 34 percent jump in sales for the first half of the year, profit before tax fell 22 percent to...

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