Qiwi boosts year revenue forecast to include 1H Tochka, Rocketbank result [Seeking Alpha]
QIWI plc - American Depositary Shares (QIWI)
Last qiwi plc - american depositary shares earnings: 3/24 07:15 am
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Source: Seeking Alpha
Qiwi boosts year revenue forecast to include 1H Tochka, Rocketbank resultQiwi (NASDAQ:QIWI) sees 2018 total adjusted net revenue up 15%-20% from 2017; that compares with forecast of up 12%-16% from its Q4 release. The current forecast includes Tochka/Rocketbank revenue for H1, while the prior forecast assumed no revenue from the two projects.Year forecast for payment services segment net revenue, adjusted net profit and payment services segment net profit remains unchanged:Q1 adjusted EBITDA fell 5% to RUB1.45B ($25.3M), driven by SG&A expense growth, partly related to the SOVEST and Tochka projects,Q1 adjusted net profit fell 15% to RUB1.08B ($18.9M) or RUB17.62 per share.Q1 payment services segment net revenue rose 26% to RUB3.67B ($64.1M); total payment services net profit jumped 27% to RUB2.21B ($38.6M), or RUB36.05 per share.QIWI-0.2% to $18.99 in premarket trading.Source:Press ReleasePreviously:QIWI beats by $0.05, beats on revenue (May 23)Click to subscribe to real-time analyti
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