Asos H1 Profit Drops

Asos PLC ASOMY reported a 10% drop in its profit for the six months ended Feb. 28. Asos posted a pretax profit of 18.0 million pounds ($26.5 million) for the half year, versus a year-ago profit of GBP20.1 million. Its revenue gained 14% to GBP550.5 million. Retail sales climbed 14%. U.K. retail sales gained 27%, while international retail sales rose 5%. Asos shares fell 0.46% to close at $53.70 yesterday.