Net-a-Porter reports record sales following merger

Luxury e-commerce giant Net-A-Porter has reported an USD 17,5 million profit in the year ending March 2015, following its merger with Italian group Yoox. The Net-a-Porter group said revenues had risen 22.8pc to £654m in the year to March.

The group, which retails across its three sites, Net-a-Porter, Mr Porter and The Outnet, also said underlying earnings had grown from £37.8m to £54.2m, while its gross profit margin increased from 44.1pc to 45.3pc due to stronger sales of non-discounted goods.

The number of monthly unique visitors to the sites has grown to 10.7m, with 45pc of revenue coming from Europe, 31pc from the US and a quarter from Asia and the rest of the world, the group said.