Online retailer Kogan has posted a $8.3 million in net profit for the half year ended December 31.
This is up from $3.7 million in the same period last year, with a whopping 45.7% increase in revenue to $209.6 million.
Earnings before interest and tax (EBIT) increased to $11.6 million, more than double the $5.4 million clocked last year.
Kogan.com CEO Ruslan Kogan said growth was driven by a 40.5% increase in active customers, investment in inventory and marketing.
Customer numbers grew by 211,000 while investment in mCommerce saw Kogan Mobile grow 341% in the period.
“Our consumer offering is always improving, and we continue to exceed customer expectations as our business grows."
Kogan confirmed the platform will continue to expand into new categories to increase customer numbers and revenue.
This includes the launch of Kogan Health, Kogan Internet, Kogan Life and Kogan Pet in the second half.