Business
ASX 200 rises, Kogan jumps, gold miners sold off on Wednesday 28 April 2021
The S&P/ASX 200 Index (ASX: XJO) rose by 0.9% today to 7,065 points.
Here are some of the highlights from the ASX today:
The e-commerce business answered an ASX query document asking for clarification about the various numbers and financial statistics that Kogan reported last week about its performance for the three months to 31 March 2021.
Some of the main queries related to providing more detail about the split of performance and growth between the two businesses of Kogan.com and Mighty Ape.
Kogan did so, stating that total sales for the quarter were up 47.7% within the group, but Kogan.com sales rose 32.8%. Total gross profit rose 54.9% to $44 million, with Kogan.com gross profit rising 33.5% to $37.9 million.
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