Business
ASX 200 ends 0.6% down, Kogan falls 8.5%, Service Stream soars 10% on Friday 29 January 2021 – Motley Fool Australia
The S&P/ASX 200 Index (ASX:XJO) ended the day lower by 0.6%. The Kogan.com Ltd (ASX:KGN) share price fell 8.5% after an update.
The S&P/ASX 200 Index (ASX: XJO) dropped by 0.6% today to 6,607 points.
Here are some of the highlights from the ASX:
Kogan.com released a trading update for the FY21 first half. The Kogan.com share price fell 8.5% in response.
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…
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