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AAP
AAP
Derek Rose

Buy now, pay later co Zip enjoying strong start to FY24

Zip Co's first-quarter revenue was up 10.2 per cent to $201.9 million. (Derek Rose/AAP PHOTOS)

Zip Co has returned to cash-earnings profitability in the first quarter for the first time since interest rates started rising from near zero.

The buy now, pay later company said on Tuesday it expected to be cash earnings positive for 2023/24, rather than just for the second half of the financial year.

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