Jumia Reports Third Quarter 2019 Results
Jumia Technologies AG American Depositary Shares, each representing two Ordinary Shares (JMIA)
Company Research
Source: Business Wire
Marketplace revenue up 52% and Gross profit up 45% year-over-year JumiaPay Total Payment Volume up 95% and JumiaPay Transactions up 262% year-over-year LAGOS, Nigeria--(BUSINESS WIRE)--Jumia Technologies AG (NYSE: JMIA) (“Jumia” or the Company) announced today its financial results for the quarter ended September 30, 2019.“We are making significant progress in the usage and relevance of our platform for consumers and sellers and are firmly positioning Jumia as the digital destination of choice for everyday needs in Africa. In parallel, we continue to make great strides in our payment and fintech business with JumiaPay showing very strong growth momentum on both volume and transaction metrics,” commented Sacha Poignonnec and Jeremy Hodara, Co-Chief Executive Officers of Jumia.“Our financial strategy seeks to balance growth, JumiaPay development, monetization and cost efficiencies. We manage this equation on a dynamic basis and are now placing even greater emphasis on cash discipline
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JMIA
Sec Filings
- 3/28/24 - Form 20-F
- 3/28/24 - Form 6-K
- 2/15/24 - Form 6-K
- JMIA's page on the SEC website