Kogan.com (ASX:KGN) sees uptick in customers, sales, profit in July

Company News

by Kathy Skantzos

Kogan.com (ASX:KGN) has added 126,000 new customers in July, bringing its active customer base to more than 2.3 million.

The retailer saw gross sales grow more than 110 per cent year on year for July.

Gross profit increased 160 per cent year on year for the month.

Adjusted EBITDA lifted to more than $10 million for July.

Shareholders can expect its FY2020 results for the year to be released on 17 August 2020.

Shares in Kogan.com (ASX:KGN) are trading 6.54 per cent higher at $20.04.

Kathy Skantzos

Finance News Network
Kathy presents the Market Outlook and ASX company news. She joined FNN in September 2017. She has been in print and online journalism for over 9 years. She also worked in corporate communications.