July 15 (Reuters) - Zip Co Ltd (Z1P) :
- ACHIEVED FULL YEAR FY20 REVENUE OF $161.2M
- AT JUNE-END, CUSTOMERS INCREASED TO 2.1 MILLION, UP 63% YOY
- AT JUNE-END, MERCHANTS ON PLATFORM INCREASED TO 24.5K, UP 51% YOY.
- NET BAD DEBTS OF 2.24% AT END OF Q4, IN LINE WITH EXPECTATIONS
- FY20 ANNUALISED TRANSACTION VOLUME $2.3BN VERSUS TARGET $2.2BN
- MATERIAL CHANGE TO NUMBER OF REQUESTS FOR HARDSHIP ASSISTANCE; CURRENTLY LESS THAN 0.08% OF RECEIVABLES SUBJECT TO CLAIMS
News: Z1P Zip Co Achieves Full Year Revenue Of $161.2 Mln
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