Kogan reports 90% growth in earnings

For FY18.

In a trading update to the ASX, Kogan.com has reported an increase in earnings before interest and tax (EBITDA) of more than 90% in FY18 compared with FY17 ($12.5 million).

Revenue growth is greater than 40% compared with FY17 ($289.5 million) and active customers of Kogan.com have reached 1.3 million, up from 955,000 as at 30 June, 2017.

Kogan.com founder and CEO, Ruslan Kogan commented, “Kogan has finished the financial year with a strong quarter of continued growth as we execute our long term strategy. We are excited about our growth initiatives as we continue to make the most in-demand products and services more accessible and affordable for our customers.”

The company’s accounts are currently being audited and detailed commentary on trading performance will be provided with full-year results in August.

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