Boohoo sales and profits soar in first half

Boohoo Carol Kane and Maumud Kamani

The fast-fashion giant reported that for the six months to August 31 sales increased 45% to £817m, while gross profits surged 47% to £449m.

Adjusted EBITDA for the period grew 48% to £90m, while profit before tax jumped 51% to £68m. 

This left the retailer in a net cash position for the period of £345m, a £138m increase. 

 

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