Business
Kogan’s massive $500 million year as revenue rises 13.5% – NEWS.com.au
Kogan’s massive $500 million year as revenue rises 13.5 per cent
The coronavirus pandemic is wreaking havoc across the retail sector but online powerhouse Kogan is bucking that grim trend.The company, which was founded in 2006 by Ruslan Kogan, saw its revenue soar by 13.5 per cent to $497.9 million and net profit 55.9 per cent to $26.8 million in the 12 months to June.
Today’s earning announcement also revealed gross sales of $768.9 million, up 39.3 per cent.
Mr Kogan said the company’s speedy reaction to the coronavirus crisis contributed to the impressive…
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