An announcement from Kogan.com Ltd. ( (AU:KGN) ) is now available.
Kogan.com Ltd has reported strong growth and profitability for the half-year ending 31 December 2024, with significant increases in sales, revenue, and customer base. The company achieved a 10.3% rise in group gross sales and a 9.9% increase in revenue, driven by its core Kogan.com platform. Active customers grew by 9.4%, reaching over 3 million. The company reported a substantial increase in gross profit and margin, and notable growth in adjusted and statutory earnings. A major focus has been on enhancing the Mighty Ape platform and the introduction of a share buy-back program, underlining a commitment to future growth and shareholder value. Kogan Marketplace and Kogan Verticals showed robust performance, supported by optimized marketing strategies that are expected to sustain growth. The company maintained a strong cash position with no debt, indicating financial stability.
More about Kogan.com Ltd.
Kogan.com Ltd is an e-commerce company primarily engaged in online retail and services. It offers a wide range of products through its platforms, including exclusive and third-party brands, and operates a marketplace for sellers. The company is also involved in verticals such as mobile and energy services, and has a strong focus on loyalty programs and advertising platforms.
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $285.7M
Learn more about KGN stock on TipRanks’ Stock Analysis page.