On 30 March 2023 ZIP impart made the following announcement to the market:-
Subject to closing conditions, including regulatory approval and along with previously announced actions to wind down its operations in the Middle East, Zip expects aggregate net cash inflows of approximately $20m to be received during H2 FY23. Cash EBTDA for Zip’s EMEA businesses was ($10.2m) in H1 FY23 and as a result of these transactions and decisions, on completion Zip will have successfully delivered on its objective of neutralising cash burn from its RoW footprint by the end of this financial year.
Has the $20Million been received?
$20 Million from Middle East
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$1.53 |
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Mkt cap ! $1.718B | |||
| Open | High | Low | Value | Volume |
| $1.43 | $1.58 | $1.42 | $28.30M | 18.69M |
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