ASOS Plc expects revenue growth to be in a range of 17-19 per cent for full year; stocks surge over 8%

1 min read | August 12, 2020 03:27 PM EDT | By Team Kalkine Media

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ASOS Plc (LON:ASC) has released a pre-close trading update.

The company, due to its focus on trading dynamically and managing the business rigorously, has continued to deliver strong operational performance and year-on-year improvements in profitability this financial year.
The company expects sales and profit for the full year to be considerably better than the market expectations. The revenue growth of the company is now expected to be in a range of 17-19 per cent with PBT in the region of £130 million to £150 million.
The company has gained better visibility on this pattern in customer behaviour as it has progressed through the returns cycle after the lockdown.
On 12August 2020, at the time of writing, GMT 08:45 AM, ASC shares were trading at GBX 4,543.00, up by 328.00 points or 8.25% against the previous day closing price.

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