Boohoo Group/ Debenhams released its results for the half to the end of August on Thursday and had much better news to share than it’s had in recent years.

The company said its “turnaround continues apace” with a “return to profitability across all brands”.

That’s undeniably good news for a company that spent its early years as a star of the UK fashion e-tail sector but that has faced massive challenges since the pandemic/post-pandemic online boom came to a halt.

The company said its turnaround is “well under way” and the Debenhams brand it acquired earlier this decade is continuing to grow with H126 general merchandise value (GMV) up 20% while EBITDA there was up 50%.

So let’s look at the overall figures for the period and the first thing to note is that it wasn’t all about positiv

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