Online retailer Kogan has rebounded from an uninspiring debut on the ASX to come in ahead of forecasts with a 5.4% jump in revenue to $211.16 million and a lift in profits for the year to the end of June.
Shares in online discount retailer Kogan crashed by more than 16% in their first day of trading on the ASX on Thursday, plunging from the listing price of $1.80 to just $1.50 when the market closed.
Proudly boasting of being ‘Back and Better than Ever,’ Kogan has taken control and has brought Dick Smith back to life the day after the old physical stores closed forever.
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Thanks David, and thanks iTWire for continuing to cover this.
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