Australia's Kogan.com eyes best day in 3 months on sales, EBITDA growth

Kogan.com

25/10/2023 03:03

** Shares of Australia's Kogan.com  KGN.AX  rise as much as
9.2% to A$4.88, logging their best intraday gain since July 26
    ** Retailer logs first quarterly gross sales growth since
1QFY22
    ** Posts quarterly gross profit of A$37.4 mln ($23.89
million), reflecting y/y jump of 19.5%
    ** Posts adjusted EBITDA of A$8 mln, compared to a loss of
A$0.3 mln a year earlier
    ** Stock up 27.7% this year, as of last close 

($1 = 1.5657 Australian dollars)

 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))