Kogan.com’s full year profit soars

Company News

by Rachael Jones

Kogan.com (ASX:KGN) has reported its net profit after tax (NPAT) is $14.1 million for the financial year 2018, that’s up by $10.4 million from $3.7 million on the prior corresponding period.

In more good news for the company, its revenue from ordinary activities strengthened to $412.3 million - that represents an increase of 42.4 per cent or $122.8 million compared to the prior year.

Their EBITDA is of $26.0 million, up $16.5 million on FY17, although 2017 did include $3.0 million of one-off costs related to the Company’s Initial Public Offering in July 2016.

2018 final dividend declared 6.1 cents. 

Shares in Kogan.com (ASX:KGN) closed 9.06% higher to $6.50 yesterday

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.