Jumia reports second quarter 2021 results

Increased investments in long-term growth orders increased by 13% year-over-year gross profit after fulfillment expense was up 16% year-over-year adjusted ebitda loss increased by 15% year-over-year lagos / accesswire / august 10, 2021 / jumia technologies ag (nyse:jmia) ("jumia" or the "company") announced today its financial results for the second quarter ended june 30, 2021. results highlights for the second quarter 2021   for the three months ended june 30   as reported yoy as reported constant currency yoy in usd(1)million, except percentages 2020 2021 change 2020 2021 change gmv 251.0 223.5 (11.0) % 251.0 216.7 (13.7) % tpv 59.0 56.6 (4.0) % 59.0 56.5 (4.4) % tpv as % of gmv 23.5% 25.3%   23.5% 26.1%                 gross profit 25.6 26.8 4.4% 25.6 25.8 0.8% fulfillment expense (19.0) (19.1) 0.3% (19.0) (18.4) (3.2) % gross profit after fulfillment expense 6.6 7.7 16.3% 6.6 7.4 12.4% sales and advertising expense (7.9) (17.1) 115.0% (7.9) (17.0) 113.4% technology and content expense (7.8) (8.4) 7.9% (7.8) (8.3) 7.3% g&a expense, excluding sbc (31.3) (26.6) (15.0) % (31.3) (26.7) (14.7) % adjusted ebitda (36.2) (41.6) 15.1% (36.2) (42.0) 16.2% operating loss (41.3) (51.6) 24.7% (41.3) (52.5) 27.0% (1) all numbers presented in usd as a result of functional and presentation currency changes effective april 1, 2021.
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