Kogan flags strong 2nd-half profit growth

Kogan.com has flagged second-half profit growth of more than 12 per cent ahead of next month’s full-year results.

The online retailer says unaudited second-half gross profit for the six months to June 30 was more than 12 per cent higher than a year ago, while gross transaction value across the group grew more than nine per cent.

Kogan did not give earnings guidance when it announced an 8.6 per cent drop in first-half profit back in February, but on Tuesday said second-half earnings before interest, tax, depreciation and amortisation had grown by more than 25 per cent.

AAP

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