Kogan.com provided Business Update: Active Customers Raised to ~1.9 Million Over April

May 12, 2020 12:53 PM AEST
Team Kalkine

ASX-listed online retail company, Kogan.com Limited (ASX:KGN) provided a business update in light of the current dynamic trading environment mentioning that active customers grew to 1.948 million over April due to the lockdowns.

The Company disclosed that gross Sales rose by more than 100% and gross profit grew by more than 150%.

Moreover, the Company highlighted that it continues to invest heavily in building its brand and increasing active customers.

The stock price of KGN rose by 7.057% to $8.950 on 12 May 2020 (At AEST 12:24 PM).

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