Australian e-commerce operator, Kogan.com Ltd published impressive results, massively increasing revenue, profit, and its customer base. The business put through close to A$500 million (although the revenue was actually around $410 million), making a gross profit of $80 million and EBIT of $21 million, more than double of EBIT the year before. Good to see an e-commerce operator who actually makes money. Kogan has now expanded from its consumer electronic space into other verticals, including travel and insurance. About 44% of profit comes from Kogan's exclusive brands, confirming the conventional wisdom that those retailers who manage to master private labels have a solid competitive advantage.