Kogan upgrades full-year earnings forecast

Kogan.com has upgraded its full-year earnings outlook after a stronger-than-expected third quarter of trade.

Online retailer Kogan.com expects its full-year earnings to exceed $11.5 million after strong trading momentum in the three months to the end of March.

This is an increase from its previous guidance for pro forma earnings before interest, taxes, depreciation and amortization (EBITDA) of between $10.5 million and $11.5 million.

Kogan, which listed on the share market nine months ago, says it has achieved more than $10 million of pro forma trading EBITDA in the nine months to March 31.


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Source: AAP


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