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Boohoo raises full-year forecast after jump in first-half profit

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Boohoo raises full-year forecast after jump in first-half profit

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LONDON (Reuters) – British online fashion retailer Boohoo <BOOH.L> raised its full-year revenue outlook for the second time in four months as it reported a 41 percent rise in first-half profit. Boohoo, which sells own-brand clothing, shoes and accessories online, has been a star UK stock market performer over the last year, with its shares rising 165 percent. It made a pretax profit of 20.3 million pounds in the six months to Aug. 31, on revenue up 106 percent to 262.9 million pounds. Boohoo said revenue growth for the full 2017-18 year was now expected to be around 80 percent, up from a forecast in June of around 60 percent.

(Reporting by James Davey, editing by Louise Heavens)
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