Jumia Technologies plan to release im third-quarter results on Wednesday, 18 November, before US stock market open. Di company announce di date on 4 November. Management go discuss di results for live webcast on im investor relations website by 8.30am US Eastern time, wey be 2.30pm for Nigeria.
For people wey dey follow online shopping for Nigeria, one figure to check first na wetin di company call gross merchandise value, or GMV. Jumia count di value of orders wey people place for goods and services, including delivery fees and value-added tax. E count dem before discount or voucher comot, even if person cancel order or return di goods.
Dat one dey measure activity for di platform. E no tell you how much Jumia keep from di business. For example, if person order from independent seller, di order join di value wey pass through di marketplace. No be necessarily all di price wey di buyer pay go count as revenue for di company wey run di marketplace.
Di previous Jumia report show how wide di difference fit be. For di quarter wey end on 30 June, di whole group report $216.3 million GMV, $52 million revenue and $30.7 million gross profit. After expenses to run di business, di group record operating loss of $12.4 million. Di figures describe different stages for di same three months.
Di country wey figure cover matter too. Jumia report separately say Nigeria GMV rise 36 per cent and orders rise 34 per cent compared with di same quarter di year before. Those percentages na growth for Nigeria. Dem no turn di $216.3 million for di whole group into Nigeria total or tell you di group result for di next quarter.
Wetin e mean for you. When di November report come out, check whether headline dey count orders, measure their value or talk about company revenue or profit. Then check di countries and period wey dem compare. Wednesday announcement give results date. Di June figures na example of how to read di numbers. Dem no predict wetin di new ones go be.