- 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.