Zip Co Limited (ASX:ZIP) has released its FY22 results ending 30 June 2022. While delivering a record group revenue of AU$620.0m (up 57% YoY), the company has acknowledged that changes in the external environment were way quicker and more severe than expected earlier.
Other highlights from the company’s financial results include:
During FY22, in response to the significant external environment changes, Zip focused on delivering sustainable growth in core markets, advancement in unit economics, and optimising its cost base, revving the path to EBTDA profitability in FY24.
Today, Zip shares were spotted trading 5.154% higher at AU$1.020 per share on ASX at 10:38 AM AEST.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
