Online discount retailer Kogan has upgraded its full-year profit guidance and is now expecting EBITDA — earnings before interest, tax, depreciation and amortisation — to be more than $11.5 million for the full year 2017, an increase from previous guidance of between $10.5 and $11.5 million.
Online retailer Kogan has outstripped profit predictions for the first half of its first year of trading as a public company. (We have republished this story as we had made an unfortunate error in a previous report. We apologise for the mistake).
Solid trading and consumer spending over the Christmas shopping period helped boost Kogan.com’s financial performance, with the online discount retailer reporting a strong second quarter exceeding expectations for November and December.