Jumia revenue up 19% y/y to $48.9mn in Q1’24 (CNBC Africa)

May 9, 2024Company News

Jumia has posted a 19 per cent uptick in its revenue, hitting $48.9 million in the first quarter of this year driven by improvements in Gross Merchandise Value and orders. The NYSE-listed e-commerce player's operating loss fell 71 per cent year-on-year. to $8.3 million Group CEO, Francis Dufay says the quarterly performance is symbolic as the company is back to growth.

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About Jumia

Jumia is a leading e-commerce platform in Africa. Our marketplace is supported by our proprietary logistics business, Jumia Logistics, and our digital payment and fintech platform, JumiaPay. Jumia Logistics enables the seamless delivery of millions of packages while JumiaPay facilitates online payments and the distribution of a broad range of digital and financial services.

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For more information about Jumia:
Abdesslam Benzitouni
[email protected]