Kogan.com see record trading for the Christmas period

Company News

by Rachael Jones

Retail and services company Kogan.com (ASX:KGN) recorded the best trading results in the Christmas period this year – particularly with the Black Friday and Boxing Day sales.

The Company’s core divisions of Exclusive Brands, Partner Brands and Kogan Mobile all grew in revenue and active customers during the half.

Kogan.com achieved 32.2 per cent year-on-year Active Customer growth as at 31 December 2018. Total revenue growth was 9.7 per cent.

The company is also looking to expand Kogan Money by establishing strong partnerships with Mercer and Citibank, and by launching Kogan Money Home Loans, in partnership with Adelaide Bank and Pepper.

Shares in Kogan.com (ASX:KGN) are trading 5.85 per cent higher at $3.44.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.