Kogan’s EBITDA +90% on pcp

Company News

by Anna Napoli

Kogan (ASX:KGN) has announced unaudited financial year 18 earnings have increased by 90 per cent on the prior corresponding period.

The company’s revenue grew by 40 per cent on the same time last year.

The online shopping platform produced a net operating cash flow of $24.53 million in the fourth quarter.

Kogan had over 1.38 million active customers as at the 30th of June.

The company says it finished the financial year with a strong quarter of continued growth.

Shares in Kogan (ASX:KGN) closed 3.78 per cent lower at $6.62 on yesterday.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.