0
Broadband

Jumia profit loss widens despite 19% higher revenues in Q3

Tuesday 12 November 2019 | 14:13 CET | News
African e-commerce group Jumia said revenues for the third quarter lifted over 19 percent from the year before to EUR 40.1 million, with Marketplace revenue jumping over 52 percent to EUR 18.9 million and First Party revenue advancing almost 2 percent to EUR 20.9 million, putting Platform revenue up almost 21 percent to EUR 39.8 million. Non-platform revenue fell over 64 percent to EUR 0.2 million.

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Internet
Companies: Jumia
Countries: Africa
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Jumia Kenya appoints new COO as Owusu-Kyereko becomes Jumia Ghana CEO

Published 20 Jan 2020 10:47 CET | Kenya
E-commerce platform Jumia Kenya has appointed Kenneth Oyolla as its chief commercial officer (CCO), taking over from Diana ...

Jumia attracts over 100 mln unique visits during Black Friday sale

Published 19 Dec 2019 09:48 CET | Africa
E-commerce company Jumia said that the 2019 Black Friday attracted over 100 million unique visits to its website. In an ...

Jumia Kenya sends home 6% of staff as losses rise

Published 11 Dec 2019 10:11 CET | Kenya
Jumia Kenya has sent home about 6 percent of its employees, days after its parent company announced the closure of its operations ...

Jumia closes shop in Rwanda

Published 10 Dec 2019 12:14 CET | Rwanda
Jumia announced it will close its business in Rwanda after six years of operations, just weeks after it exited Cameroon and ...

Jumia exits Tanzania after leaving Cameroon

Published 29 Nov 2019 09:39 CET | Tanzania, United Republic of
African e-commerce group Jumia has closed its Tanzanian business to focus on operations in other countries in a "portfolio ...

Jumia suspends business in Cameroon

Published 19 Nov 2019 11:20 CET | Cameroon
African e-commerce group Jumia has suspended its business in Cameroon, casting doubts over its future in Nigeria, barely a week ...

MTN Group in talks to sell towers in Ghana, Uganda

Published 01 Nov 2019 09:19 CET | Ghana
MTN Group is in advanced talks to sell stakes in tower assets in Ghana and Uganda worth as much as ZAR 8 billion as it seeks to ...

Jumia Kenya starts trusted provider Mall, expands post office collection points by 150

Published 16 Sep 2019 09:25 CET | Kenya
E-commerce platform Jumia Kenya has introduced the Jumia Mall, section of its where customers can identify the official ...

Jumia revenue grows 58% in Q2

Published 21 Aug 2019 16:38 CET | Africa
African e-commerce group Jumia said its revenue increased to EUR 39.2 million in the second quarter, up 58 percent from a year ...

MTN Group mulls sale of Jumia stake

Published 03 May 2019 10:03 CET | Africa
An MTN spokesman said they have a six-month lock-up period where they cannot sell MTN's shareholding. The spokesman added that ...

Jumia starts week-long mobile phone sale in Ghana

Published 10 Apr 2019 13:41 CET | Ghana
Jumia Ghana has started what it calls the biggest mobile phones and accessories sales in Ghana. The week-long event dubbed the ...

Jumia loses KES 105 mln to cyber fraud, robbery in past 2 years

Published 14 Mar 2019 10:13 CET | Kenya
E-commerce platform Jumia Kenya has revealed that it lost at least KES 105 million in the past two years due to consumer cyber ...

Jumia set to list on stock exchange

Published 13 Mar 2019 12:10 CET | Africa
African e-commerce platform Jumia has filed to launch its initial public offering (IPO) on the New York Stock Exchange according ...

Jumia signs distribution deal with Xiaomi

Published 04 Mar 2019 08:41 CET | Africa
E-commerce platform Jumia has entered into a partnership with smartphone maker Xiaomi that will enable its customers across ...

Jumia seeks USD 1.5 bln value in US IPO, could help MTN cut debt - report

Published 11 Feb 2019 09:50 CET | Africa
African online retailer Jumia is planning an initial public offering in New York this year that could value the business at about ...

Jumia to distribute Carrefour products in Cote d'Ivoire, Cameroon, Senegal and Kenya

Published 26 Nov 2018 16:36 CET | Africa
African online retailer Jumia has signed two new deals to distribute Carrefour-branded products on its online platform from the ...

Jumia One payments app launches in Egypt

Published 31 Oct 2018 12:03 CET | Egypt
Jumia Egypt has launched Jumia One, its first application, with the aim of facilitating bill payment and credit recharges via ...





Calendar   /   Industry Events

21 Feb Vodafone Iceland Q4 2019
21 Feb Proximus Q4 2019
21 Feb Megacable Q4 2019
21 Feb TDS, US Cellular Q4 2019
21 Feb Digi Communications FY results
24 Feb Arlo Q4 2019
24 Feb Palo Alto Networks fiscal Q2
25 Feb Iridium Q4 2019
25 Feb Infinera Q4 2019
25 Feb Millicom Q4 2019
25 Feb American Tower Q4 2019
25 Feb Utility Telecoms 2020
26 Feb Avast FY results
26 Feb Crown Castle Q4 2019
26 Feb Syn Q4 2019
26 Feb Box Q4 2019
26 Feb Shentel Q4 2019
26 Feb Sina Q4 2019
26 Feb Weibo Q4 2019
26 Feb Orbcomm Q4 2019
27 Feb Dell Technologies fiscal Q4
27 Feb VMware Q4
27 Feb Neophotonics Q4 2019
27 Feb Cogent Communications Q4 2019
27 Feb Cable One Q4 2019
27 Feb Baidu Q4 2019
27 Feb Netia Q4 2019
27 Feb Sunrise Q4 2019
27 Feb Interxion EGM
28 Feb Tecnotree FY 2019
::: More Calendar Items