April 10 (Reuters) - British electronics retailer AO World said on Friday it expected annual profit at the top end of its forecast range, after gaining market share across all key categories in its
AO World Eyes Top-End Annual Profit After Expanding Market Share and Revenue
AO World’s Financial Performance and Market Expansion
Annual Profit Forecast and Market Share Gains
April 10 (Reuters) - British electronics retailer AO World said on Friday it expected annual profit at the top end of its forecast range, after gaining market share across all key categories in its consumer‑focused business.
Product Range Expansion and Revenue Growth
AO, which sells products such as tumble dryers and televisions, has been expanding its product range and benefiting from demand driven by its discounted membership model, which is expected to have lifted total revenue growth to about 11% in the 12 months to March 31.
Profit Expectations and Financial Outlook
The company now expects adjusted profit before tax for the fiscal year to be at the top end of its forecast range of 45 million pounds to 50 million pounds ($60.38 million to $67.08 million).
($1 = 0.7453 pounds)
Reporting and Editorial Credits
(Reporting by Raechel Thankam Job in Bengaluru; Editing by Subhranshu Sahu and Mrigank Dhaniwala)
