Stocks of the Hour: Zip Co, Afterpay & WiseTech

Company News

by Lauren Evans

Zip Co (ASX:Z1P) reported revenue of $403 million in FY21, up 150 per cent from the prior year. Despite a rise in revenue, Zip reported a net loss of $653.1 million versus $19.9 million in FY20. Shares in Zip Co (ASX:Z1P) are trading 2.2 per cent lower at $7.16.

Afterpay (ASX:APT) increased its total income in FY21, up 78 per cent from the prior year. Despite double digit income, Afterpay reported a loss after tax of $159.4 million, compared to $22.9 million in FY20. Shares in Afterpay (ASX:APT) are trading 0.9 per cent lower at $133.90.

WiseTech Global (ASX:WTC) reported revenue of $507.5 million in FY21, up 18.2 per cent from the prior year, although net profit after tax was down 32.8 per cent. WiseTech anticipates FY22 revenue growth of 18 to 25 per cent. Shares in WiseTech Global (ASX:WTC) are trading 25.2 per cent higher at $45.34.

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