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Zip Improves Margins and Strengthens Balance Sheet — ASX:ZIP| ASX Mining News & Discussion
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Lykeshares Official
$ZIP Zip Improves Margins and Strengthens Balance Sheet
Zip Co Limited (ASX: ZIP), a leading digital payment and finance technology company, has reported its fourth-quarter results for the period ending 30 June 2023, showcasing impressive growth and a strengthened balance sheet.

Key Highlights:

Group quarterly revenue: The company saw a substantial increase in group quarterly revenue, reaching $193.8 million, representing a 21.1% year-on-year growth.
Transaction volume: Zip also reported a notable increase in transaction volume for the quarter, totaling $2.3 billion, reflecting a 6.4% year-on-year increase.

Cash Transaction Margin: Zip's core business showed significant improvement in cash transaction margin, reaching 3.1% for the quarter. This positive result is particularly notable considering the current rising interest rate environment.

Revenue growth: Both of Zip's core markets, Zip ANZ and Zip US, demonstrated strong revenue growth with a 26.1% and 13.6% year-on-year increase, respectively.
Improved revenue margin: The revenue margin for the core business improved to 8.5% compared to 7.6% in Q4 FY22.

Active customer numbers: Zip's core ...
Zip Improves Margins and Strengthens Balance Sheet

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Lykeshares Official
Berkshire is hoarding so. much. cash.
Berkshire is hoarding so. much. cash.
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Lykeshares Official
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore.

There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can ...
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore. There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can rush, it’s a complex, slow-moving process that takes years of precision and experience. Intel could recover some ground eventually, but framing them as the savior of American chipmaking feels more like a political talking point than a practical reality.
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Lykeshares Official
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
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Lykeshares Official
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
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Lykeshares Official
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
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Lykeshares Official
🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
🔺 Student Loan Delinquencies Hit Record 12.9%... The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
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Lykeshares Official
$ASN Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?