Qiwi’s adjusted net profit jumps 73% to 3.3 bln rbl in Jul–Sep

MOSCOW, Nov 19 (PRIME) -- The adjusted net profit of Russian payment service operator Qiwi increased by 73% to 3.275 billion rubles in July–September, the company said on Thursday in a statement.

The total net revenue increased by 11% to 6.637 billion rubles. The payment services’ net revenue increased 11% to 6.108 billion rubles.

Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) grew 60% to 4.020 billion rubles.

The total payment services volume increased by 11% to 435.4 billion rubles.

Qiwi said it expects its 2020 adjusted net profit to rise by 35–50%, its total net revenue by 7–15%, and payment services segment net revenue by 3–10%.

(75.9268 rubles – U.S. $1)

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