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Jumia Records $20.2 million Operating Loss In Q2 2024 As Revenue Decline - Business (2) - Nairaland

Nairaland Forum / Nairaland / General / Business / Jumia Records $20.2 million Operating Loss In Q2 2024 As Revenue Decline (13536 Views)

Cadbury Nigeria Reports N28.2billion Loss In 2023, Shareholders’ Funds Wiped Out / Seplat Petroleum Records 6.5% Revenue Decline In 2019 / BREAKING: Nigeria Officially Exits Recession, GDP Grew 0.55 In Q2 (2) (3) (4)

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Re: Jumia Records $20.2 million Operating Loss In Q2 2024 As Revenue Decline by ravensckar(m): 7:08pm On Aug 06
JUMIA has really been struggling for quite some time now, I hope they can overcome this challenge and come out stronger.

I shop on their platform a lot and I like their excellent customer service. More than once, they sent me food packages in appreciation. Please o, you people shouldn't fold up abeg. cry cry cry

The economy has really dealt a major blow to businesses in Nigeria. It's even more depressing to see that there's no end in sight since our leaders seem bereft of ideas. angry angry angry

1 Like 1 Share

Re: Jumia Records $20.2 million Operating Loss In Q2 2024 As Revenue Decline by Skye123: 7:09pm On Aug 06
As expected, there'll be some blaming Nigeria's government for this but if you read the article, Nigeria and Ghana are the only two countries keeping them going, according to the CEO.
And the loss they recorded was through the whole continent

1 Like 1 Share

Re: Jumia Records $20.2 million Operating Loss In Q2 2024 As Revenue Decline by OgidiHerbals2(m): 7:10pm On Aug 06
Nawa o
Re: Jumia Records $20.2 million Operating Loss In Q2 2024 As Revenue Decline by Dpaulie(m): 7:10pm On Aug 06
Loss and shortage upandown
Re: Jumia Records $20.2 million Operating Loss In Q2 2024 As Revenue Decline by litetias(m): 7:12pm On Aug 06
Abagworo:
grin grin grin grin grin

Some leaders are usually lucky to come at a time of surplus while others are unfortunate. I feel for Tinubu
You feel for Tinubu as if they forced him to become president. What low thinking? Instead of you to feel sorry for the average Nigerians and businesses that are suffering you’re feeling sorry for an egomaniac who said it was his turn to rule

1 Like

Re: Jumia Records $20.2 million Operating Loss In Q2 2024 As Revenue Decline by lexy2014: 7:14pm On Aug 06
bamitinn:
World is Bleeding cry cry cry

how is the world bleeding?
Re: Jumia Records $20.2 million Operating Loss In Q2 2024 As Revenue Decline by jaxxy(m): 7:15pm On Aug 06
Amazon made losses initially b4 breaking even and making profits but something has to be changed or improved upon.
Re: Jumia Records $20.2 million Operating Loss In Q2 2024 As Revenue Decline by ClearFlair: 7:16pm On Aug 06
bamitinn:
World is Bleeding cry cry cry

APC has nothing to offer

1 Like

Re: Jumia Records $20.2 million Operating Loss In Q2 2024 As Revenue Decline by israelmao(m): 7:17pm On Aug 06
bamitinn:
World is Bleeding cry cry cry
Most of the troubles with Nigeria are self-inflicted.
Re: Jumia Records $20.2 million Operating Loss In Q2 2024 As Revenue Decline by Lovestrong(m): 7:20pm On Aug 06
obinna58:
They’re always recording loss every year but it never stops them from going down


Na format be this
lol! Make dem sha pay there workers
Re: Jumia Records $20.2 million Operating Loss In Q2 2024 As Revenue Decline by lexy2014: 7:21pm On Aug 06
Abagworo:
grin grin grin grin grin

Some leaders are usually lucky to come at a time of surplus while others are unfortunate. I feel for Tinubu

how is surplus a thing of luck? did the surplus fall from heaven or someone created it?

tinubu spent ₦3.7b on new cars and N244m on tyres.

Built new VP's house at the cost of ₦21b.

Renovated National Assembly at the cost of ₦30b

bought SUVs for the legislootors at the cost of #160m each.

Travelled to Ethiopia for just one week and expended ₦1b.

Expended over ₦90b for Hajj operation.

why then do you feel for tinubu?

1 Like

Re: Jumia Records $20.2 million Operating Loss In Q2 2024 As Revenue Decline by DeLaRue: 7:21pm On Aug 06
AqualinaXYZ:
Thunder fire Tinubu


Useless man

So Jumia was doing well before the President came to power?

Jumia has always made a loss. They have never declared a profit in Nigeria.
Re: Jumia Records $20.2 million Operating Loss In Q2 2024 As Revenue Decline by Shikini: 7:21pm On Aug 06
Thiefņubu
.

1 Like

Re: Jumia Records $20.2 million Operating Loss In Q2 2024 As Revenue Decline by reginea: 7:23pm On Aug 06
datola:
Jumia is still burning cash and not profitable after 12 year of operation. Pathetic!

This report affects the whole group of countries and not only Nigeria. In fact Nigeria's performance is one of the best.

E-commerce business in Africa is not for the faint hearted. Imagine incurring millions of Dollars in loss every month. Their investors are really strong and have strong faith in them.
how d rest of the world take after jumia for Nigeria, get sense, if d Country was doing well, it won't b operating at a lost....
Re: Jumia Records $20.2 million Operating Loss In Q2 2024 As Revenue Decline by Blitzking: 7:24pm On Aug 06
fergie001:


SOURCE
Jumia is still going to be profitable...amazon was once unprofitable
Re: Jumia Records $20.2 million Operating Loss In Q2 2024 As Revenue Decline by Angelfrost(m): 7:26pm On Aug 06
Jumia is still in business?!!

At this point, they are a Charity organisation.
Re: Jumia Records $20.2 million Operating Loss In Q2 2024 As Revenue Decline by bamitinn(m): 7:27pm On Aug 06
Go and check what happened to TOP global market in just how many Days!?

lexy2014:


how is the world bleeding?
Re: Jumia Records $20.2 million Operating Loss In Q2 2024 As Revenue Decline by agadez007(m): 7:28pm On Aug 06
Now things are very expensive,I remember when I used to receive packages from Ali express almost every week until buhari and tinubu came and spoilt everything

God punish tinubu and it’s supporters

AMEN

1 Like

Re: Jumia Records $20.2 million Operating Loss In Q2 2024 As Revenue Decline by TrackerSK: 7:29pm On Aug 06
Everybody go collect, Even dangote ranking as the richest man has drop
Re: Jumia Records $20.2 million Operating Loss In Q2 2024 As Revenue Decline by Inosky: 7:30pm On Aug 06
I was part of their profits, they have competitive prices that attracts me to always use them
Re: Jumia Records $20.2 million Operating Loss In Q2 2024 As Revenue Decline by F117nighthawk: 7:36pm On Aug 06
Upon all the high prices they advised and sell products
Re: Jumia Records $20.2 million Operating Loss In Q2 2024 As Revenue Decline by Sucolee(m): 7:47pm On Aug 06
Lori iro
Re: Jumia Records $20.2 million Operating Loss In Q2 2024 As Revenue Decline by lexy2014: 7:49pm On Aug 06
bamitinn:
Go and check what happened to TOP global market in just how many Days!?


since you have Gone and checked what happened to TOP global market in just how many Days, then you should be able to confidently answer the question.

how is the world bleeding?
Re: Jumia Records $20.2 million Operating Loss In Q2 2024 As Revenue Decline by PJtech: 7:49pm On Aug 06
What's happening in the world now? Everybody just dey collect wotowoto

Both Rich and Poor
Re: Jumia Records $20.2 million Operating Loss In Q2 2024 As Revenue Decline by Udumasteve62(m): 7:52pm On Aug 06
grin people like that useless hellanus will not understand the losses and companies packing up since he has never run a toothpick or toothbrush business to understand how bad the economy has detoriated
Re: Jumia Records $20.2 million Operating Loss In Q2 2024 As Revenue Decline by ejieddy: 7:52pm On Aug 06
Abeg deliver my ordered goods before you Japa o
Re: Jumia Records $20.2 million Operating Loss In Q2 2024 As Revenue Decline by foxxydude: 7:54pm On Aug 06
They grounded their Home Delivery Service in Benin City for many months now
Re: Jumia Records $20.2 million Operating Loss In Q2 2024 As Revenue Decline by Reggaero(m): 7:54pm On Aug 06
PJtech:
What's happening in the world now? Everybody just dey collect wotowoto

Both Rich and Poor
grin you know how many curse dey don collect base on satisfaction
Re: Jumia Records $20.2 million Operating Loss In Q2 2024 As Revenue Decline by lakefist(m): 7:56pm On Aug 06
fergie001:


SOURCE

Bad managers.
Greedy workers.
So many underground bad practices.
Re: Jumia Records $20.2 million Operating Loss In Q2 2024 As Revenue Decline by Olufemiolaolu(m): 8:01pm On Aug 06
So saddening, I hope they won't close shop oooo
Re: Jumia Records $20.2 million Operating Loss In Q2 2024 As Revenue Decline by lamentor78(m): 8:11pm On Aug 06
AqualinaXYZ:
Thunder fire Tinubu




Useless man

Your madness knows no bound, Read it again Jumai operate in Africa not only Nigeria.

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