Pure-play online retailer Kogan has added health insurance to its portfolio. The company founded by Ruslan Kogan has a suite of retail and services business units including Kogan Retail, Kogan Marketplace, Kogan Mobile, Kogan Internet, Kogan Insurance, Kogan Health and Kogan Travel.
“Our health is the most important thing we have,” says Kogan.com executive director, David Shafer.
“Our aim is to offer these policies to Kogan’s community of 8 million Aussies to help them sleep soundly at night, knowing their health is protected, without paying too much."
Kogan.com reported record-breaking Christmas sales, according to preliminary numbers.
The company produced a net operating cash flow of $4.2 million for the December quarter. At the end of December, Kogan.com had cash of $28.2 million, and access to a $10 million bank facility.
Details on the Christmas sales will be released when Kogan announces half-year results this month. In August, the company posted a full year after-tax profit of $3.74 million, a 362.3% rise.
At the close the shares were up 1.1% to $7.06. The company listed on the ASX in 2016 at $1.80.