By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
RebruitRebruitRebruit
  • Latest
  • Finance
  • Technology
  • Security
  • Guides
Reading: At last, Profit: Jumia ends day trading with 41.18% increase
Font ResizerAa
RebruitRebruit
Font ResizerAa
Search
  • Latest
  • Finance
  • Technology
  • Security
  • Guides
Follow US
  • About
  • Our Standards
  • Contact
  • Privacy Policy
  • Cookie Policy
  • Terms of use
© 2025 REBRUIT | We don’t control content on external sites. Read more about how we handle external links

Home » At last, Profit: Jumia ends day trading with 41.18% increase

Latest

At last, Profit: Jumia ends day trading with 41.18% increase

February 20, 2024
Share
2 Min Read
Jumia
Jumia
SHARE

On Thursday 15 February 2024, Jumia stocks went up, closing at $4.56 per share. A positive 41.18% jump since the end of last year, which the biggest e-commerce brand in Africa has been aiming for a long time.

This comes after the E-commerce brand, Jumia, shared its Q4 financial documents with its shareholders, and from what we can see, they are happy with what they saw. Which spiked the massive buy order that shot the shares up to 41.18% closing at $4.56.

According to the charts, in Q4 2023, Jumia ended with a decline in revenue and active customers in comparison with the same time in 2022.

That’s after some drastic changes by the company, including shutting down Jumia Food and firing or redistributing the staff to other branches of Jumia, as the branch of the company remained unprofitable until closure.

Yet, Jumia has managed to reduce its Q4 2023 losses to the lowest point in years. However, the E-commerce brand is focusing on creating a leaner and more focused company that is more agile than ever.

Despite inflation and currency devaluation in some of its markets, such as Nigeria and Egypt, Jumia is aiming for profitability in 2024. According to CEO Dufay, the stability and eventual growth of JUmia is in sight and we shall see it soon.

Share This Article
Facebook Whatsapp Whatsapp Bluesky Copy Link
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

iOS 19
What’s Coming in iOS 19: A Fresh Look and Smarter Features
Technology
Block
Square’s Bitcoin Payment Pilot: Bringing Crypto to Everyday Retail
Finance
METAMASK
MetaMask Embraces Solana: A New Era for Multi-Chain Wallets
Finance
Read Smarter, Not Harder
Read Smarter, Not Harder: These Apps Will Help You Read More Anywhere
Guides
Samsung-One-UI-8
15+ New Features Coming to One UI 8
Latest

You Might Also Like

samsung
Latest

Don Belle Boost Samsung Galaxy A-Series Buzz

May 23, 2025
Claude AI
Latest

What You Need to Know About the Claude 4 Release

May 23, 2025
Xperia 1 VII
Latest

Xperia 1 VII: Sony’s Most Creator-Focused Smartphone Yet

May 13, 2025
Apple’s AI Search Move Could Cost Google Billions
Latest

Apple’s AI Search Move Could Cost Google Billions

May 13, 2025
AMD Beats Q1 2025 Expectations, Despite Trade Pressures Between the U.S. and China
Latest

AMD Beats Q1 2025 Expectations, Despite Trade Pressures Between the U.S. and China

May 6, 2025
gtaVI
Latest

Grand Theft Auto VI is officially coming on May 26, 2026

May 6, 2025
WWDC 2025: Here’s what we can expect from Apple in June
Latest

WWDC 2025: Here’s what we can expect from Apple in June

May 5, 2025
Apple and Anthropic Are Teaming Up to Build an AI-Powered Coding Platform
Latest

Apple and Anthropic Are Teaming Up to Build an AI-Powered Coding Platform

May 3, 2025
Follow US
© 2025 REBRUIT | We don’t control content on external sites. Read more about how we handle external links
  • About
  • Our Standards
  • Contact
  • Privacy Policy
  • Cookie Policy
  • Terms of use
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?