Kogan profit surges 362 per cent

Company News

by Jessica Amir

Kogan (ASX:KGN) has reported a 362 per cent surge in its profit after tax attributable to shareholders, to $3.7 million in the 2017 financial year. 

The largest online department store in Australia saw its revenue from ordinary activities climb by 37 per cent to $289.5 million over the 12 months to 30 June 2017. 

Its statutory earnings earnings before interest, tax, depreciation and amortisation (EBITDA) rose to $9.5 million over the period, up $5.6 million on FY16. 

The company declared a 2017 final dividend of 3.8 cents per share fully franked. 

Shares in Kogan (ASX:KGN) are trading 7.92 per cent higher to $2.59.

 

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