Jumia records 120.1m EUR loss in 2017 despite 41.8% sales growth

WorldStage Newsonline– Jumia, the leading online eCommerce ecosystem in Africa on Tuesday announced its financial results for the  fourth quarter ended December 31, 2017 and for the full year 2017, with Adjusted EBITDA standing at a negative 120.1 million EUR for the full year despite Gross merchandise volume (GMV) increase of 41,8 % year over year from 357.5 million EUR in 2016 to 507million EUR.

Read More