Boohoo Group, the renowned British fashion e-tailer, has seen its profit before tax jump by 35 per cent to clock £125 million for the year ended 28 February 2021.
That’s commendable considering the Group’s major investments in acquisitions during the year.
Earlier this year the Group had acquired Arcadia Group’s Burton, Dorothy Perkins, and Wallis brands for £25 million.
Also Read: Boohoo snaps up remaining Arcadia brands
The yearly adjusted EBITDA jumped by 37 per cent for the Group to post £174 million, while the gross profit was £945 million – at a growth of 42 per cent.
The Group revenue too surged by 41 per cent to £1.7 billion – all thanks to robust growth in revenue across regions.
While the international revenue rose by 44 per cent, in the UK alone the jump was 39 per cent.
More on the growth, Co-founders Mahmud Kamani and Carol Kane said that they were pleased that the Group has again delivered a set of record results despite pandemic-induced challenges.
“We are embedding a new way of working and improving the sustainability of the group for the benefit of all stakeholders,” they further added.
Last month, Boohoo had said it was now considering aligning senior executive bonuses with making sustainable improvements in workers’ rights.