Kogan.com (ASX:KGN) turns profitable in FY24 despite revenue drop, projects revenue growth for FY25 - Kalkine

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Kogan.com (ASX:KGN) turns profitable in FY24 despite revenue drop, projects revenue growth for FY25 - Kalkine

Image source: Shutterstock

Highlights

  • Increased wages in September 2024 are expected to boost discretionary spending  and is likely to benefit Kogan.com.
  • In FY24, adjusted net profit after tax (NPAT) reached AUD 21 million, compared to a loss of AUD 4.3 million in FY23.
  • In FY25, the company anticipates revenue growth, fuelled by platform-based sales and improved operating leverage.

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