Shares in pure-play online retailer Kogan.com jumped after a trading update showed strong growth in the first four months of the financial year.
At the clsoe, they were up 12.6% to $4.29.
At the company’s AGM, founder and CEO Ruslan Kogan told shareholders that revenue grew 36.2% in the first four months of the year compared to the same period the year before.
The gross margin was 18.4%, up from 17.6%.
And EBITDA (earnings before interest, tax, depreciation and amortisation) were 58.3% higher.
Kogan.com shares dipped below the ASX-listing price of $1.80 in July last year but have been rising this year as the company reports better than expected progress against its prospectus.
In August, the company posted a full year after tax profit of $3.74 million, a 362.3% rise on last year.
Business Insider Emails & Alerts
Site highlights each day to your inbox.