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Kogan.com profit soars 56pc amid retail 'revolution'

Sue Mitchell
Sue MitchellColumnist
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Key Points

  • Revenue ($m) 497.9, up 13.5%
  • Pre-tax profit ($m) 38.9, up 66.0%
  • Net profit ($m) 26.8, up 55.9%
  • Final dividend (c) 13.5, up 64.6%
  • Dividend payable October 19

Online retailer Kogan.com is gearing up for another year of record sales and earnings in the expectation that consumers who shopped online for the first time during the pandemic will become e-commerce converts.

"There is a retail revolution taking place as more and more shoppers learn about the benefits of e-commerce," Kogan.com co-founder and chief executive Ruslan Kogan told investors on Monday after delivering a 56 per cent increase in net profit to $26.8 million in the year ended June.

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Sue Mitchell writes the fortnightly Window Shopping column for the Financial Review and has covered retailing for over 30 years. Connect with Sue on Twitter. Email Sue at smitchell2045@gmail.com

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    Original URL: https://www.afr.com/companies/retail/kogan-com-profit-soars-56pc-as-shift-to-online-accelerates-20200817-p55mbg