ASOS first half profit falls 87% on supply chain constraints

div classBodysc17zpet90 cdBBJodivpLONDON Reuters – British online fashion retailer ASOS reported an 87 fall in first half profit, reflecting supply chain constraints impacting stock availability and cost inflation.p

pThe group, which in October warned on full year profit and parted ways with its CEO, said on Tuesday it made adjusted profit before tax of 14.8 million pounds 19.3 million in the six months to Feb. 28, down from 112.9 million pounds in the previous corresponding period.pdivdivdiv classBodysc17zpet90 cdBBJodiv

pHowever, apart from the removal of Russia‘s contribution to the second half following last month’s decision to suspend sales, ASOSs full year guidance remained unchanged.p

p1 0.7680 poundsp

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pp Reporting by James Davey, editing by Ed Osmondp

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