Picture of Kogan.com logo

KGN Kogan.com News Story

0.000.00%
au flag iconLast trade - 00:00
Consumer CyclicalsAdventurousSmall CapNeutral

Australia's Kogan.com jumps as earnings surge on customer growth

** Kogan.com KGN.AX shares surge up to 20.4% to A$4.14, marking their sharpest intraday jump since late February 2024 and scaling a near seven-week high

** Online retailer says adjusted operating earnings climbed 25.4% YoY to A$26.9 million ($19.28 million) for the 10 months to April 30, while gross sales rose 13.2%

** Performance driven by rising active customers, with expanding platform sales at its 'Kogan.com' unit, among others

** Stock up 8.7% YTD

($1 = 1.3951 Australian dollars)

 (Reporting by Kumar Tanishk in Bengaluru)

 ((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk;))

Recent news on Kogan.com

See all news