Interest rate cuts are in response to recessionary environment.
Zip save 0 5 percent interest on circa 2 billion warehouse facility equating to $10 million but write off an extra 100 basis points on 10 billion sales due to recessionary pressures produces an overall negative to bottom line of $90 million.
Interest rate cuts are in response to recessionary...
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$1.70 |
Change
0.020(1.19%) |
Mkt cap ! $2.151B | |||
| Open | High | Low | Value | Volume |
| $1.68 | $1.73 | $1.64 | $28.18M | 16.66M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 99289 | $1.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.70 | 116269 | 2 |
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| ZIP (ASX) Chart |