Online retailer Kogan sees 277% profit rise

By Olivia Minnock

Australian online retailer has reported a surge in its annual profit of 277%.

In comparison to last year, the ecommerce company’s profit rose to $14.1mn. Meanwhile the company’s active customer base reportedly increased by 45.3% to 1.39mn customers., which owns a range or retail and service businesses, is one of the biggest online shopping companies in Australia. The company’s sectors include Kogan Retail and Kogan Marketplace; Kogan Mobile; Kogan Internet; Kogan Insurance; Kogan Health; and Kogan Travel.

See also:

Why ecommerce will continue to outstrip physical retail in Australia

ANZ’s four most powerful retailers named

Read the latest edition of Business Chief ANZ

Shareholders are set to receive a 60% increase on dividends in comparison with last year.’s founder and CEO, Ruslan Kogan, said: “We now operate in more industries than very with a very compelling offer in each industry. We continue to invest in our brand to drive our growing portfolio of businesses and improve our value proposition.”

The news follows Kogan and CFO David Shafer selling their own stakes in the business earlier this year, which saw a fall in share prices but this has since recovered.


Featured Articles

Exec interview: Brook Sims, COO, MAC Diversity Recruiters

Passionate about helping others find their voice, diversity leader and COO Brook Sims talks powerful leadership, diverse teams and being a change agent

Best new books that will make you a better leader

From inspiring CEO memoirs to strategic guides, these new books dish up plenty of principles, strategies, and anecdotes to help you become a better boss

5 Mins With: Jeff Li, founder and CEO of Shoplazza

Named in Fortune China’s 40 under 40 for 2022, former Baidu head Jeff Li is the entrepreneurial founder and CEO of ecommerce platform Shoplazza

Workplace special – the changing nature of the office

Leadership & Strategy

Meet Shanique Bonelli-Moore, DEI leader at Clorox


Forterro CEO Dean Forbes – inspirational leadership

Leadership & Strategy