Tag Archives: Q1 Report: Jumia Records Increase In Gross Profit As Cost Discipline

By Adedoyin Giwa LAGOS – Africa’s ecommerce market leader, Jumia has released its 2021 quarter one report, recording 11% year-on-year gross profit increase, as adjusted EBITDA loss decreased by 24% year-over-year. The report by the company also showed a sixth consecutive quarter of positive Gross Profit After Fulfillment Expense, which …

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