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Profits drop: Asos CEO José Antonio Ramos Calamonte saw his salary increase by almost 44% last year
The Asos boss saw his salary rise by almost 44 per cent last year despite mounting losses.
The London-listed online fashion giant’s latest annual report showed chief executive José Antonio Ramos Calamonte was paid £1.17m for the year to 1 September.
This represents a 43.9 per cent increase on the £814,858 he was paid a year earlier. The increase was due to more than £376,000 in bonus payments. Earlier this month, Asos revealed it had sunk further into the red with
pre-tax losses of £379.3m for the year to September 1, compared to losses of £296.7m the previous year.
Sales fell 16 per cent to £2.9bn during the year, a bigger drop than previous forecasts.
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