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ASX announcement this morning

20/01/2020 8:19:46 AM 3  January 2020 Business Update (uploaded)


During the first half of FY 2020 Kogan reported its biggest half of gross sales and gross profit. This was driven by record sales during Black Friday and Boxing Day.


For the six months ending December 31, Kogan’s gross sales grew by more than 16% over the prior corresponding period. Gross profit grew a touch slower and was up more than 9% on the first half of FY 2019.


The latter is a slowdown on its first quarter growth. During the first quarter gross profit was outpacing its gross sales with growth of 28% over the prior corresponding period.


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Can only guess the market was expecting better results!!!


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