Releasing the company’s third quarter cash flow statement, Kogan said strong trading momentum has continued in the third quarter, with the business exceeding revised management budgets and producing net operating cash flows of $1.1million.
Kogan founder and chief executive Ruslan Kogan said the company was pleased with the strong performance in 3Q17.
“We are pleased to deliver cash flows that demonstrate better than forecast operating results for Kogan.com’s third quarter of trading as a listed company. This has led to a further upgrade in our full-year earnings outlook.
“With the funds raised at the IPO, our consumer offering is stronger than it’s ever been and our customers are happier than they’ve ever been. We look forward to maintaining this momentum as we scale and continue to delight our customers.”
The company paid a maiden dividend of 3.9 cents per share last month and plans to pay a final dividend at the end of the 2017 financial year.