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.
 

Subscribe to our Daily Newsletter?

Would you like to receive our daily news to your inbox?