Zip Co Limited (ASX: ZIP)

Zip Co Limited is an Australia-based company, which is engaged in digital retail finance and payments. The principal activity of the Company is offering point-of-sale credit and digital payment services to customers and providing integrated retail finance solutions to merchants, both online and in-store.

The Company offers unsecured loans to consumers, both online and in-store, through the provision of line of credit and installment products. The Company provides services in four countries around the world, in Australia and New Zealand (ANZ), the United States and Canada (Americas). The Company‚Äôs segments include ANZ, Americas, Zip Business and Corporate. ANZ segment offers installment or line of credit products to consumers in Australia and New Zealand.

Americas segment offers installment products to customers in the United States and Canada. Zip Business segment provides unsecured loans and lines of credit to small and medium-sized businesses in Australia and New Zealand.

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REVENUE IN AUD (TTM)

772.23m

NET INCOME IN AUD

-26.53m

Year on year Zip Co Ltd grew revenues 16.14% from 596.86m to 693.21m. Additionally the company has reduced the cost of goods sold, selling, general and administrative expenses and debt expenses (all as percentages of sales). These changes narrowed profitability losses from -1.11bn to -377.02m.