By  on July 18, 2019

LONDON — Shares in Asos sank 20.2 percent to 21.88 pounds at the close of trading on Thursday after the company issued its third profit warning in eight months.

In a trading update Thursday, Asos said total group revenue rose 12 percent to 919.8 million in the four months to June 30. It made the gains despite problems linked to its warehouse operations, which impacted stock availability in Europe and in the U.S.

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