Kogan.com shares take off again

Ruslan Kogan (r) fishing with his dad Alex. Image: Supplied

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.

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