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 joined FNN in January 2017 with a passion for equities and funds management. As Head of News, she has been a broadcast journalist for over seven years, specialising in finance. She has been a journalist with Sky News Business, ABC 1, ABC's The Business and ABC24. She’s also worked as a TV reporter for regional Channel 7 and 9. She also previously worked as a financial planner and real estate agent.