Online retailer Kogan.com has reported its annual profit surged 277 per cent, almost quadrupling to $14.1 million.
The company said it experienced strong growth in its active customer base, up 45.3 per cent to 1.39 million customers.
Although its revenue jumped 42 per cent to $412 million in revenue during the last financial year, that was mostly eroded by its high cost of sales, totalling $331.7 million.
Kogan shareholders will receive a final dividend of 6.1 cents per share, fully franked. This is a 60 per cent increase over its 3.8 cent dividend from last year.
"We now operate in more industries than ever with a very compelling offer in each industry," Kogan.com founder and chief executive Ruslan Kogan said.
"We continue to invest in our brand to drive our growing portfolio of businesses and improve our value proposition."
Despite his optimism about today's results, Mr Kogan — along with the online retailer's chief financial officer David Shafer — sold down their stakes in the company two months ago.
Mr Kogan and Mr Shafer "reluctantly" sold 6 million shares in the company (worth $42 million) in mid-June.
The company confirmed in a statement to the ASX that they sold their stakes due to "personal financial commitments" — but that they "continue to have the vast majority of their personal wealth invested in Kogan.com".
This led to Kogan's shares tumbling — from a high of $9.80 (in early-June) to $7.26 (in mid-June) and a low of $4.70 (in late-July).
Its share price fell 52 per cent in just two months, but has since recovered.
Kogan began as a small electronics retailer in 2006, but has since grown rapidly.
The company purchased Dick Smith's online retail business two years ago, and expanded into pet insurance in December last year.
Its divisions now include Kogan Retail, Kogan Marketplace, Kogan Mobile, Kogan Internet, Kogan Insurance, Kogan Health and Kogan Travel.
Kogan shares lifted 4.9 per cent to $6.82 at 10:15am (AEST).
