Kogan Reports Strong Growth in May, Profit Rose Over 130%

  • Jun 05, 2020 AEST
  • Team Kalkine

Kogan.com Limited (ASX:KGN) provides business update comparing the fourth quarter-to-date, April and May 2020 (4QTDFY20), to the equivalent prior period, April and May 2019 (4QTDFY19).

  • Active Customers increased to 2,074,000 as of 31 May 2020, with an incremental 126,000 Active Customers in May 2020.
  • Gross Sales increased over 100% across FY20 fourth quarter.
  • Gross Profit in FY20 fourth quarter climbed by more than 130%.
  • As of 31 May 2020, the Company has nearly $58.6 million cash balance.

Post announcement share price of KGN climbed by 8.333% to $12.350 on 5 June 2020 (at AEST 12:17 PM)

 

 


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