Asos profits tumbled 14%

Absrtact: In the 2014 fiscal year issued three earnings warning, today ASOS released full earnings: The 2014 fiscal year ended August 31, 2014, ASOS pre-tax profit plunged 14%, from 5467.0 pounds a year earlier to 4690.1 pounds, far below the expected 54.7 million pounds in the previous fiscal year. But because

After three earnings warnings in fiscal year 2014, ASOS released its full earnings today: The ASOS pre-tax profit plunged 14% per cent in the 2014 fiscal year ended August 31, 2014, from 5467.0 pounds a year earlier to 4690.1 pounds, far below the expected 54.7 million pounds in the previous fiscal year. However, as a result of a higher than the previous downgrade of the expected 45 million pounds, Asos shares in the open Rose 8%, and continued to rise, as a result of the fashion-free Chinese web time up to 13.94% reported 2215.00 pence.

Nick Robertson, co-founder and chief executive of Asos, said many things had happened in the 2014 fiscal year, but it still made retail revenue rise 27%, UK retail revenue growth of 35%, and active users by 25% to 8.848 million.

Asos shares plunged nearly 70% per cent to date in 2014, and its Barnsley distribution center in June caused the site to suspend sales for nearly 2 days.

For Asos's current "change", Nick Robertson used "We are in an era of investment-focused short-term interest, but often medium-and long-term investment returns are huge" cliché explanations. Nick Robertson, who is now married, is about to get divorced, which has led to greater investor concern about ASOS, with market concerns that Nick Robertson, 9.3% of the shares, may sell shares to pay for huge alimony.

Earlier, rumors have repeatedly said, including ebay Amazon group interested in Asos, through the Asos further expansion of fashion and international business, the news also several times to boost Asos shares.

In the 2014 fiscal year ended August 31, 2014, ASOS retail revenues rose 27% to 955.3 million pounds, with UK retail revenues rising 35% to 372.2 million pounds and international market growth of 22% to 583.1 million pounds. The group's retail gross profit rose 22% per cent in the 2014 fiscal year, from 398.6 million pounds to 485 million pounds in the year-earlier period, although gross profit fell 210 basis points to 48.7%, earnings for each share dropped 10%, from 49.2 pence a year earlier to 44.5 Pence, and cash and cash equivalents Rose 4% To 74.34 million pounds.

Asos today also announced the promotion of chief Financial Officer Nick Beighton as chief operating officer and will look for replacements as the new CFO.