Qiwi (QIWI) Stock: Why The Price Jumped Today

By Amit Chowdhry ● Nov 23, 2021
  • The stock price of Qiwi PLC (NASDAQ: QIWI) increased by over 12% during intraday trading. This is why it happened.

The stock price of Qiwi PLC (NASDAQ: QIWI) increased by over 12% during intraday trading. Investors are responding positively to the company’s third quarter 2021 financial results.

These are the highlights:

— Total Net Revenue from continued operations decreased 2% YoY to RUB 6,419 million

— Net Profit increased 190% YoY to RUB 8,836 million (or RUB 140.71 per diluted share)

— Adjusted Net Profit decreased 17% YoY to RUB 2,705 million (or RUB 43.32 per diluted share)

— QIWI upgraded FY 2021 guidance

— Board of Directors approved interim dividends of 30 cents per share

Plus QIWI upgraded its FY 2021 guidance following strong results for 9M 2021:

— Total Net Revenue is expected to decrease by 10% to 15% YoY;

— Payment Services Net Revenue is expected to decrease by 5% to 10% YoY;

— Adjusted Net Profit is expected to decrease by 10% to 15% YoY.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.