British online fashion retailer boohoo.com reported a 63 per cent rise in full-year revenue, driven by recovering consumer confidence that spurred more people to shop online.

Pretax profit more than tripled to £10.7 million (€13.2 million) at the retailer, which floated on London’s Alternative Investment Market in March.

Revenue came in at £109.8 million in the year ended February 28th from £67.3 million a year earlier.

Boohoo designs, sources, markets and sells own-brand clothing, shoes and accessories through its website to a core market of 16- to 24-year-old consumers in the UK and globally.

Reuters