ASOS plc (GB:ASC) has released an update.
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ASOS Plc has reported meeting its financial targets for the fiscal year ending September 2024, with a significant improvement in cash flow and a strategic shift towards a more profitable business model. Despite a 16% decline in revenue, the company achieved a notable increase in sales of new stock and strengthened its balance sheet through strategic ventures, setting the stage for sustainable growth. The company plans to focus on enhancing customer experience and further improving profitability in the upcoming year.
For further insights into GB:ASC stock, check out TipRanks’ Stock Analysis page.
