Business
3 reasons why the Kogan.com (ASX:KGN) share price could be an opportunity
There are some interesting reasons why investors may be interested in the Kogan.com Ltd (ASX: KGN) share price.
What is Kogan.com?
Kogan.com is an e-commerce business that sells a variety of products on its website including TVs, phones, appliances, furniture, garden supplies, cars, energy, mobile plans, insurance and NBN internet.
Kogan.com update
Kogan.com released a trading update for the FY21 first half.
Across the Kogan Group, which includes Kogan.com and Mighty Ape, it said that gross sales went up 96% and gross profit grew 120%.
Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) grew by more than 175% and EBITDA went up by more than 140%.
The company said it finished with cash of AU$78.9 million…
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