QIWI plc - ADR

NASDAQ:QIWI   3:59:32 PM EDT
10.62
+0.18 (+1.72%)
Other Pre-Announcement

Qiwi Q4 Adjusted Net Profit Up 116% To RUB 2.5 Bln

Published: 03/30/2021 11:09 GMT
QIWI plc - ADR (QIWI) - Q4 Adjusted Earnings per Share Rub 40.32.
Q4 Revenue Fell 0.2 Percent to Rub 6.242 Billion.
Says FY Adjusted Net Profit Increases 54% to Rub 10,304 Million.
Says Board of Directors Approved a Target Dividend Payout Ratio of at Least 50% of Group Adjusted Net Profit for 2021.
Sees 2021 Total Net Revenue is Expected to Decrease by 15% to 25% Over 2020;.
Says 2021 Adjusted Net Profit is Expected to Decrease by 15% to 30% Over 2020.
Says 2021 Payment Services Segment Net Revenue is Expected to Decrease by 15% to 25% Over 2020;.
Says Restrictions Introduced by Cbr Are Expected to Substantially Decrease Volumes in E-commerce and Money Remittance Market Verticals.
Says Total Impact on Payment Services Segment Net Revenue for Q4 2020 Was Between Rub 500 to Rub 600 Million.
Believes That As of Date of This Press Release Substantially All of Violations Identified by Cbr Have Been Remediated by Qiwi Bank.