Although the shares of Kogan.com Ltd
(ASX:KGN) plunged 16% when it listed on the ASX last month, the company has since rebounded.
The online retailer has released its FY16 results, and announced sales revenue of $211.2 million – which beat its pro forma forecast by 5.4%.
Kogan says this result was driven by the solid growth of its active subscriber base and, in particular, its recent acquisition of Dick Smith – which made a 65% contribution to Kogan’s solid revenue figures.
Kogan also reported its statutory NPAT was $800,000, doubling its pro format forecast.
