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Boohoo Eats $35 Million in Extra Shipping Costs

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Boohoo sales climbed 20 percent to 975.9 million pounds ($1.32 billion) in the first half of 2021, but skyrocketing container shipping costs dented profits. Net income after tax dipped 66 percent to 17.8 million pounds ($24 million), or 1.38 pounds per share ($1.86 per share) for the half. In a Nutshell:  The British fast-fashion retailer…

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