Kogan.com’s revenue and EBITDA increases

Company News

by Kathy Skantzos

Retail and services business Kogan.com (ASX:KGN) said it outperformed budgets to the four months to the end of October 2017, with unaudited management accounts showing a 36.2 per cent growth in revenue year-on-year and EBITDA growth of 58.3 per cent year-on-year.

The company said as a result it further accelerated growth in revenue and EBITDA during November and December.

The company produced a net operating cash flow of $4.2 million for the quarter, ending the second quarter with cash at $28.2 million.

The company said Kogan Mobile continues to perform well with strong growth achieved in the first half of FY2018.

The company’s half-year results are currently under review, with results expected to be released next month.

Shares in Kogan.com (ASX:KGN) are trading 0.59 per cent higher at $6.84.

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.