Qiwi plc, together with its subsidiaries, operates electronic online payment systems primarily in the Russian Federation, Kazakhstan, Moldova, Belarus, Romania, and the United Arab Emirates. The company provides payment services across physical, online, and mobile channels through a network of approximately 115,000 kiosks and 57,000 terminals that run its proprietary software. Its products include Visa Qiwi Wallet, Qiwi Wallet, and Qiwi Wallet Europe, which are online and mobile payment processing, and money transfer systems that allow accountholders to pay for the products and services of merchants, as well as perform peer-to-peer money transfers through a virtual wallet in the online and m...
Kennedy Business Centre
Founded in 2007
Global Payments Expects To Sell UCS
Sep 27 16
Global Payments Inc. (NYSE:GPN) is reportedly looking to sell its stake in ZAO United Card Service (UCS). The company has hired The Goldman Sachs Group, Inc. to find buyers for UCS. The newspaper Kommersant reports that potential buyers include Kartstandart, ZAO PTC KartStandart and Qiwi plc (NasdaqGS:QIWI).
QIWI plc Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2016; Provides Earnings Guidance for the Full Year of Fiscal 2016
Aug 11 16
QIWI plc announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2016. Total adjusted net revenue for the quarter ended June 30, 2016 was RUB 2,619 million ($40.8 million), an increase of 4% compared with RUB 2,525 million in the prior year. For the quarter ended June 30, 2016, adjusted EBITDA was RUB 1,640 million ($25.5 million), an increase of 11% compared with RUB 1,483 million in the prior year. Adjusted EBITDA increase was largely due to the increase in Adjusted Net Revenue as well as due to the net effect of bad debt recovery in the amount of RUB 1 million in the second quarter 2016 as opposed to the bad debt reserve of RUB 50 million in the second quarter of 2015 and lower advertising expenses as compared to the same period in the prior year. For the quarter ended June 30, 2016, adjusted net profit was RUB 1,270 million ($19.8 million), an increase of 23% compared with RUB 1,033 million in the prior year. The increase in adjusted net profit was primarily driven by the same factors impacting adjusted EBITDA. Revenues were RUB 4,197 million against RUB 4,416 million a year ago. Profit from operations was RUB 1,301 million against RUB 1,449 million a year ago. Profit before tax was RUB 1,002 million against RUB 1,164 million a year ago. Profit attributable to equity holders of the parent was RUB 632 million or RUB 11.25 diluted per share against RUB 926 million or RUB 15.32 diluted per share a year ago.
For the six-month period, the company reported net cash flow used in operating activities was RUB 5,023 million against RUB 1,105 million a year ago. Purchase of property and equipment was RUB 54 million against RUB 154 million a year ago. Purchase of intangible assets was RUB 83 million against RUB 101 million a year ago. Total adjusted net revenues were RUB 5,040 million against RUB 5,128 million a year ago. Net profit was RUB 2,022 million against RUB 1,644 million a year ago. Adjusted EBITDA was RUB 3,083 million against RUB 3,106 million a year ago. Adjusted net profit was RUB 2,150 million or RUB 38.73 diluted per share against RUB 2,503 million or RUB 41.43 diluted per share a year ago.
The company provided earnings guidance for the full year of fiscal 2016. QIWI downgrades its guidance in respect of 2016 adjusted net revenue and adjusted net profit outlook: total adjusted net revenue is expected to increase by 2% to 5% over 2015 and adjusted net profit is expected to increase by 5% to 10% over 2015.
Qiwi plc Approves Dividend, Payable on August 30, 2016
Aug 11 16
The Board of Directors of Qiwi plc approved a dividend of 22 cents per share. The dividend record date is August 29, 2016, and the company intends to pay the dividend on August 30, 2016.