Kogan's customer growth sees profit and revenue surge

Company News

by Jessica Amir

Online retailer, Kogan.com (ASX:KGN) announced a massive 470 per cent surge in its profit after tax attributable to members in the half year ending December to $8.3 million.

Its revenues from ordinary activities also sky rocketed up 46 per cent to $209.6 million in the six months, when compared to the prior corresponding period.

Its half-year trading earnings or EBITDA exceeded its full year FY17 pro forma earnings (EBITDA) with its customer base growing to over 1.1 million customers.

It declared an interim dividend of 6.9 cents per share fully franked.

Kogan.com (ASX:KGN) shares are trading 14.8 per cent higher at $8.30.

Jessica Amir

Finance News Network
Jessica is a senior finance journalist and presents bulletins including the Market Outlook, Market at Midday and Market Wrap. She also interviews ASX CEOs and leading fund managers. She joined FNN in January 2017 with over six years of broadcast journalism experience including with Sky News Business, ABC 1, ABC's The Business and ABC24. She’s also worked as a TV reporter for Prime 7 and WIN News. Jessica has worked in financial planning for over six years with leading wealth managers and in real estate.