@wontiboje wrote:
Jumia, Rocket Internet's eCommerce group in Nigeria and Africa has just released its 2016 half year consolidated result showing the company recorded EUR35.4 million loss within the period.
When compared to its net loss recorded in last year, the company has managed to reduce its loss by 19%. In the first half of 2015, the company recorded EUR43.7 million loss.
Also on the topline, Jumia's revenue also fell by 56%. With the first half of this year, net revenue was EUR33.0 million compared to last year when it recorded EUR75.8 million f0r the first half of 2015.
Another metric that shows the company is facing tougher times it is EBITDA margin when compared on a year-on-year basis. For the first half of 2015, the Jumia's margin fell by 57.6% compared to 107.5% for the first half of this year.
Three months ago, Rocket Internet had scrapped its Africa Internet Group holding company for all its eCommerce verticals in Africa, restructuring everything into Jumia.
(https://pageone.ng/2016/09/22/jumia-35-4-million-loss/)
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