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Nairaland Forum / Nairaland / General / Business / Jumia Suffered N53 Billion Loss In 2017 (23807 Views)
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Re: Jumia Suffered N53 Billion Loss In 2017 by airsaylongcon: 8:29pm On Apr 13, 2018 |
adanny01: Those "better bargains" are were the losses are 1 Like |
Re: Jumia Suffered N53 Billion Loss In 2017 by Houseofglam7(f): 8:29pm On Apr 13, 2018 |
Re: Jumia Suffered N53 Billion Loss In 2017 by omocalabar(m): 8:29pm On Apr 13, 2018 |
sai baba 1 Like |
Re: Jumia Suffered N53 Billion Loss In 2017 by shedy03(m): 8:30pm On Apr 13, 2018 |
booblacain:may be recession/change, lol. 1 Like |
Re: Jumia Suffered N53 Billion Loss In 2017 by AnthonyAk(m): 8:30pm On Apr 13, 2018 |
Damn atleast the owners sold early. need o buy back for cheap and re strategize |
Re: Jumia Suffered N53 Billion Loss In 2017 by Nobody: 8:34pm On Apr 13, 2018 |
jerflakes: Really? 5 Likes 1 Share
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Re: Jumia Suffered N53 Billion Loss In 2017 by mfm04622: 8:34pm On Apr 13, 2018 |
LastSurvivor11: Jumia is an African country, operating outside of Nigeria. So all those you listed affected their operations in other countries? Grow up, wise up 1 Like |
Re: Jumia Suffered N53 Billion Loss In 2017 by overboard(m): 8:38pm On Apr 13, 2018 |
wontiboje: @ the bolded is a major no, no, no for those that know i.e. grand [/b]positioning[b] error! Selah. Reach me for details. |
Re: Jumia Suffered N53 Billion Loss In 2017 by Elin: 8:38pm On Apr 13, 2018 |
If Only Jumia have 53Million of their own! Who else can relate ? 2 Likes |
Re: Jumia Suffered N53 Billion Loss In 2017 by LordKO(m): 8:39pm On Apr 13, 2018 |
I still maintain my stance that they're running a poor e-commerce model - pre 2000 model - they'll continue to make losses until they do the needful. |
Re: Jumia Suffered N53 Billion Loss In 2017 by Nobody: 8:41pm On Apr 13, 2018 |
mfm04622: Please which is Jumia capital ? I need to know please 2 Likes
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Re: Jumia Suffered N53 Billion Loss In 2017 by Nobody: 8:43pm On Apr 13, 2018 |
LordKO: Can you shield more light on this please, may be we can learn a couple of things from yoy 1 Like |
Re: Jumia Suffered N53 Billion Loss In 2017 by ncoolsome(m): 8:44pm On Apr 13, 2018 |
NaijaMutant: U also sound cursed....Where was Nigeria mentioned in the write up or ur fish brain thinks such loss is only in Nigeria 2 Likes |
Re: Jumia Suffered N53 Billion Loss In 2017 by Flye: 8:45pm On Apr 13, 2018 |
Ok |
Re: Jumia Suffered N53 Billion Loss In 2017 by Lexusgs430: 8:48pm On Apr 13, 2018 |
micky90: Accounting Lesson (AC001) In simple terms, they have bitten more financially than they can chew (fish bone stuck in throat effect)..... Borrowed too much money, punitive interest rate, unnecessary expansion, unrealistic staffing ratios, higher than usual wage structure, bad business model, illegal financial drawdowns etc etc etc We continue AC001 on Monday... Report to class @ 0600 hrs........ 12 Likes |
Re: Jumia Suffered N53 Billion Loss In 2017 by IYANGBALI: 8:49pm On Apr 13, 2018 |
Na my head catch dem. Dem never see anything 1 Like |
Re: Jumia Suffered N53 Billion Loss In 2017 by IamaNigerianGuy(m): 8:49pm On Apr 13, 2018 |
jerflakes: Very good point. Even taking into account their personnel and running costs, losses shouldn't be so large unless they are engaged in funny accounting 3 Likes |
Re: Jumia Suffered N53 Billion Loss In 2017 by LordKO(m): 8:59pm On Apr 13, 2018 |
gadgetsngs: People are paid for what they do with what they know - no one will pay you just because you know something. Thanks. |
Re: Jumia Suffered N53 Billion Loss In 2017 by yesloaded: 9:05pm On Apr 13, 2018 |
jerflakes:it goes beyond that Sir. they spent money on adverts. maintenance of website, logistic(freight), warehousing of goods, payment of staffs etc The biggest mistake of jumia/konga is their stupid POD 4 Likes |
Re: Jumia Suffered N53 Billion Loss In 2017 by micky90(m): 9:06pm On Apr 13, 2018 |
Lexusgs430:....but using gearing doesn't mean all those u have up there... Just a bad financial management would have solve d the riddle Prof. |
Re: Jumia Suffered N53 Billion Loss In 2017 by saudatu(m): 9:08pm On Apr 13, 2018 |
Elin: I do bros! |
Re: Jumia Suffered N53 Billion Loss In 2017 by favourbaby: 9:11pm On Apr 13, 2018 |
Sorry o! Me self I suffer plenty loss for una hand in 2015. Una go put fine fine pictures for net, when person place order and pay the end result go be rubbish! |
Re: Jumia Suffered N53 Billion Loss In 2017 by saudatu(m): 9:12pm On Apr 13, 2018 |
yesloaded: Hmm… you've said it all brother Mr. V |
Re: Jumia Suffered N53 Billion Loss In 2017 by Lexusgs430: 9:16pm On Apr 13, 2018 |
micky90: I said part of their issues would be financial over - gearing. Amongst the overgear, fit the aforementioned and more, you would see why they are having huge financial woes.... |
Re: Jumia Suffered N53 Billion Loss In 2017 by Follygunners: 9:16pm On Apr 13, 2018 |
This is always the problem when there's a lack of financial sustainability and adequate leverage capabilities within a poor economic atmosphere... Foolish org. They should have based their business model around the majority/poor average 9ja instead of the few rich ones. Trying to pull a Jeff Bezos, right? Foolish pple! |
Re: Jumia Suffered N53 Billion Loss In 2017 by Troublemaker007(m): 9:25pm On Apr 13, 2018 |
uzeba: HahahaHahaha 2 Likes
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Re: Jumia Suffered N53 Billion Loss In 2017 by tunary(m): 9:27pm On Apr 13, 2018 |
Na so jumai get money meaning they are worth hundreds of billions of NGN or trillions |
Re: Jumia Suffered N53 Billion Loss In 2017 by biggy26: 9:28pm On Apr 13, 2018 |
booblacain:Bad govt policies that led to a sharp drop in the purchasing power of Nigerians. |
Re: Jumia Suffered N53 Billion Loss In 2017 by bionixs: 9:31pm On Apr 13, 2018 |
DonPiiko:don't mind them. when they were doing wayo wayo BLACK FRIDAY,shebi It was sweeting them? |
Re: Jumia Suffered N53 Billion Loss In 2017 by collinsVP: 9:32pm On Apr 13, 2018 |
micky90: When capacity is underutilized due to market limits and other inhibitions |
Re: Jumia Suffered N53 Billion Loss In 2017 by billyG(m): 9:32pm On Apr 13, 2018 |
How did they even make #53bn ind 1st instance is it not only comissions they collect frm buyers & sellers.Twice they fail 2 delivered goods i ordered.i hope they will not go bankrupt? |
Re: Jumia Suffered N53 Billion Loss In 2017 by SleakBuzzPR: 9:37pm On Apr 13, 2018 |
jerflakes: They handle the logistics....thats how they lose money. |
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