APT - can the run last? young kids love it, page-11

It seems that Apt is doing better than Zip and Ebay could adopt Apt in the future because PayPal has seperated from Ebay long time ago and Tme has been working with Apt in NZ.

One thing I'm still reluctant to buy is Apt's profits.


Digital retail payments service Zip Co's first-half loss has more than doubled to $14.6 million, despite a surge in revenue, as higher staff and other operating costs weighed on its bottom line.

The company behind zipPay and zipMoney, which offers lines of credit to consumers, made $16 million in revenue during in the six months to December 31, more than double the $6.7 million it made in its previous first-half.

The Sydney based group says higher operating costs, including a significant increase in staff numbers and costs tied to its growing receivables book, were behind the loss.

However, it says operating costs have now stabilised and it expects to achieve cashflow break-even on a monthly basis in the second half.

Shares dropped 10.6 per cent.