July 14, 2020 / 6:28 AM / 22 days ago

UK's AO World posts smaller loss on higher online demand amid lockdown

July 14 (Reuters) - British online electricals retailer AO World on Tuesday posted a smaller annual loss on stronger demand since the lockdown in March, as stay-at-home orders to curb the COVID-19 pandemic boosted online shopping.

AO, which sells washing machines, fridges, cookers, televisions and mobile phones, reported an operating loss of 3.8 million pounds ($4.77 million) for the year ended March 31, compared with a loss of 13 million pounds last year.

$1 = 0.7973 pounds Reporting by Tanishaa Nadkar in Bengaluru; Editing by Devika Syamnath

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below