Australia's Zip Co climbs to over 2-1/2-year high on bumper HY profit

Zip Co

28/10/2024 23:50

** Shares of Zip Co  ZIP.AX  rise as much as 10.4% to A$3.08
to their highest levels since Feb 10, 2022 
    ** Stock set for strongest trading session since Aug 28, if
gains hold
    ** ZIP stock among the top gainers in the benchmark index  
    ** The digital financial services firm posts quarterly cash
EBITDA of A$31.7 mln ($20.86 mln), a more than three-fold jump
from last year
    ** Co says total transaction volume in the quarter was A$2.8
bln, up 22.8% from a year earlier, while first-quarter revenue
rose 18.8% to A$239.9 mln   
    ** Stock has risen 377.8%, YTD

    ($1 = 1.5200 Australian dollars)

 (Reporting by Sneha Kumar in Bengaluru)
 ((Sneha.Kumar@thomsonreuters.com;))