Online fashion retailer ASOS expects to have its huge new Barnsley warehouse fully operational this month.
But, it has taken an exceptional charge of £12.9m this financial year to reflect the direct costs of the transition to the new site.
The business has been growing rapidly. Full year figures show UK retail sales up 25 per cent and international retail sales up 142 per cent.
Chief executive Nick Robertson said: “We have continued our investment programme to meet anticipated growth targets. Key to this is the ongoing transition to a new 530,000 sq ft warehouse in Barnsley, which will be fully operational by June 2011. We remain positive in our outlook for 2012 and are excited by the opportunities for both our UK and international businesses.”