Home > Industry > Kogan Reports Record Cashflow

Kogan Reports Record Cashflow

Online seller Kogan.com says strong trading momentum saw it record net operating cashflows of $9.9 million in its fourth quarter, ended June 30.

Kogan finished the quarter with $32 million in cash at the bank, and access to a $100 million bank facility. It had inventory valued at $30. 6 million on hand while a further $7.5 million of inventory was in transit, Kogan said.

Added CEO/founder Ruslan Kogan: “We are pleased to deliver cashflows that demonstrate better than forecast operating results for Kogan.com’s fourth quarter of trading as a listed company. We have closed out the financial year with strong trading momentum, and some very exciting growth opportunities. We look forward to continuing this trend into FY18 and beyond.”

You may also like
Kogan Faces Federal Court Today Over ‘Fake’ Pricing Fight With ACCC
Samsung & Kogan Top NSW Customer Complaints List
Reject Shop CEO Exits, Full-Year Guidance Slashed
BREAKING NEWS: ACCC Slams Kogan Over False Discounts
Kmart Partner With Zip Amid Big W Battle