Online fashion retailer boohoo.com almost doubled its revenue in the last financial year while profits also skyrocketed.
The Manchester-headquartered聽company generated revenue of 拢579.8 million in the 12 months to February 28th, compared with 拢294.6m in 2016/17.
Of those sales, 拢374.1m were from boohoo.com, while 拢181.3m came from PrettyLittleThing and 拢24.4m from Nasty Gal, the companies it acquired at the start of 2017.
PrettyLittleThing, the fastest-growing online fashion brand, grew revenues 228 per cent.
boohoo鈥檚 overall pre-tax profit of 拢43.3m was an increase of 40 per cent.
Joint CEOs Mahmud Kamani and Carol Kane said in a statement: 鈥淭he group made great progress during the year, integrating a new company, PrettyLittleThing, and a new brand, Nasty Gal, into the boohoo group.
鈥淩evenue from boohoo continued to grow strongly, whilst there has been an exceptional performance from PrettyLittleThing, and Nasty Gal exceeded our estimates in its first year.
鈥淎gainst a backdrop of difficult trading in the UK clothing sector, the group continued to perform well, gaining market share in the expanding online sector.鈥�
boohoo now has 6.4m active customers, a 22 per cent increase on a year ago, while PrettyLittleThing has 3m customers, a growth of 128 per cent.
boohoo plans to construct a new 拢150m warehouse in the UK while PrettyLittleThing is also moving into its own warehouse.
The CEOs added: 鈥淥ur international business showed higher growth rates and we are pleased with its gathering momentum.
鈥淥ur strategy will remain focused on providing the best fashion at great prices coupled with excellent customer service.
鈥淭o this end we have a plan of continuous investment in systems and technology to ensure we offer an optimal online shopping experience. International expansion will continue as we add more country-specific websites, refine our brands鈥� customer proposition and raise brand awareness through marketing and social media.
鈥淥ur extended distribution centre, which will have a significant element of automation to drive efficiency savings, is scheduled for operational use in early 2019.鈥�