Kogan.com nearly doubled earnings in FY18
The rise in earnings before interest, tax, depreciation and amortisation was propelled by strong full-year revenue growth.
The online retailer revealed that revenue in FY18 was up more than 40 per cent on FY17, indicating Kogan.com brought in more than $400 million in revenue.
The figures are currently being audited and will further details will be provided with the release of its full-year results next month.
Nevertheless, Kogan.com founder and CEO Ruslan Kogan said he was pleased to finish the year with a strong quarter of continued growth.
“We are excited about all the growth initiatives we are implementing, as we continue to make the most in-demand products and services more accessible and affordable for our customers,” he said in a statement.
Kogan.com had 1.4 million active customers at the end of June, up 45 per cent from a year earlier, and was holding cash of $41.99 million.
This story originally appeared on sister site Internet Retailing.
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