Asos: Losses narrow as e-commerce giant drives turnaround

Struggling ecommerce giant Asos has reported reduced losses as its turnaround plan begins to take shape. Adjusted earnings before interest, tax, depreciation and amortization (EBITDA) moved into positive territory at £42.5m in the 26 weeks to March 2, from a loss of £16.3m last year. Asos’ operating loss improved from £246.8m to £210.1m, while net [...]