Business
Kogan (ASX:KGN) share price sinks 12% on profit downgrade – The Motley Fool Australia
The Kogan.com Ltd (ASX: KGN) share price is sinking 12% today after the company provided a business update. Here are all the details.
The Kogan.com Ltd (ASX: KGN) share price is plummeting today after the company provided a subdued business update for FY21.
During early afternoon trade, the e-commerce companys shares are fetching $8.98, down a sizeable 11.53%.
Investors are driving Kogan shares well into the red today after digesting the company’s latest trading update.
According to this mornings release, Kogan is reporting a number of issues that has led it to cut its guidance for the current financial year.
The business advised…
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