Australia's Kogan.com gains on upbeat trading update

Kogan.com

22/11/2024 24:00

** Shares of Kogan.com  KGN.AX  rise as much as 7.2% to
A$5.23, logging their largest intraday pct gain since late
August
    ** Aussie retail and service business hits highest level
since Oct. 10
    ** Co reports adjusted EBITDA of A$14.7 million ($9.57
million) for July-September this year, a 55% growth from the
same period last year
    ** Posts gross sales of A$258.9 million for the same period,
up 0.4% from last year
    ** Attributes rise in earnings to strong contributions from
co's internet and advertising as well as mobile divisions
    ** Kogan down 3.3% YTD, including current session's moves


($1 = 1.5363 Australian dollars)

 (Reporting by Nikita Maria Jino in Bengaluru)
 ((Nikita.Jino@thomsonreuters.com))