Kogan notches 16% YoY customer growth

Company News

by Anna Napoli

Kogan.com (ASX:KGN) has today announced 16 per cent year-on-year active customer growth to 1.6 million customers when compared to the year earlier period.

Kogan Mobile active customers increased by 24 per cent on a year-on-year basis while Kogan Internet grew active customers by 273 per cent on a year-on-year basis.

Gross Profit increased by more than 12 per cent and earnings (EBITDA) rose more than 25 per cent.

Based on unaudited management accounts, as at 30 June 2019, the Company had cash of $27.5 million, total inventories of $75.7 million

Kogan says the team is relentlessly pursuing it’s goal to make the most in-demand products and services more accessible and affordable.

Investors like the results, shares in Kogan.com (ASX:KGN) are trading 4.8 per cent higher at $5.45.

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.