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Kogan share price rockets higher after delivering impressive Q4 growth – Motley Fool Australia
The Kogan.com Ltd (ASX:KGN) share price is shooting higher on Tuesday after reporting stellar sales and profit growth in FY 2020…
The Kogan.com Ltd(ASX: KGN) share price is rocketing higher following an update on its fourth quarter performance.
In morning trade the ecommerce company’s shares are up 7.5% to a new record high of $18.65.
How did Kogan perform in the fourth quarter?
For the three months ending 30 June 2020, Kogan delivered further strong sales and profit growth compared to the prior corresponding period.
According to the release, gross sales grew by more than 95% and gross profit increased by over 115%.
T…
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