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Asos claws back profit

Price reductions and reduced delivery costs have brought Asos Australia back to profitability, while its international business experienced reduced first half profits. In the six months to February 28, global pre- tax profit fell to £18 million, from £20.1 million over the same period a year earlier. Revenue increased 14 per cent to around £550 million. Shaun McCabe, director of Asos International, told Inside Retail PREMIUM that Australia has bounced back, but 2014 was a tough year. Last yea