23, 2021 (GLOBE NEWSWIRE) - QIWI plc (NASDAQ and MOEX: QIWI) (“QIWI” or the “Company”), a leading provider of cutting-edge payment and financial services in Russia and the CIS, today announced its financial results for the third quarter ended September 30, 2021.ģQ 2021 Key Operating and Financial Highlights 1 Net Profit increased 190% YoY to RUB 8,836 million (or RUB 140.71 per diluted share)Īdjusted Net Profit decreased 17% YoY to RUB 2,705 million (or RUB 43.32 per diluted share)īoard of Directors approved interim dividends of 30 cents per share Total Net Revenue from continued operations decreased 2% YoY to RUB 6,419 million Revenue from continued operations increased 8% YoY to RUB 11,746 million ^ "QIWI Appoints Chief Executive Officer | QIWI Group"."QIWI To Sell Stake In Tochka Project To Bank Otkritie". ^ "Tochka Bank and QIWI Agree on a Partnership in the Small Business Sector | QIWI Group".^ "QIWI Announces Acquisition of Contact and Rapida | QIWI Group".^ "QIWI Announces First Quarter 2021 Financial Results | QIWI Group".In the same year, the company developed a financial service for scrap haulers, which made it possible to transfer settlements into a cashless form. In 2019, QIWI launched the "Taxiaggregator" service, designed specifically for taxi fleets.QIWI issues physical and virtual cards that can be used to set up mass payments to customers and partners.The company has developed payment services based on an open API that allow to set up mass payments, including to the self-employed.QIWI offers internet-acquiring services and internet-banking.In September 2021, Qiwi`s CEO Andrey Protopopov announced that the company will continue to deal with betting providers via new Unified Center for Accounting of Bet money Transfers, which will consolidate two current centers, Qiwi Bank and Mobilnaya Karta. Due to the consolidation of accounting on the chosen one and exclusive operator, deprivation of Qiwi functions of accounting and Qiwi`s forecasts of the reduction of its revenue, the price of shares of Qiwi has fallen by 6%. By the end of September 2021, the process of replacing the relevant activities of operators with a single regulator for accounting rates in bookmakers will be completed. Olga Zhuravskaya (16,5%), the wife of co-founder of betting company Liga Stavok, and Igor Avdeev (11,25%) are featuring among other minority shareholders of Mobile Card. In August 2021, in accordance with the order of the President of Russia, the creditor Mobile Card, not Qiwi, was chosen as the exclusive center for accounting for the transfer of bets from the bookmakers. In 2021, Andrey Protopopov, who previously headed the Payment Segment, was appointed to the position of CEO. In 2021, QIWI sold its stake in the joint venture to Otkritie Bank, the transaction amounted to 4.95 billion rubles. In June 2018, Otkritie Bank, QIWI Group and Tochka announced the signing of a cooperation agreement and the creation of the joint venture Tochka JSC, which would launch a new stage in the development of the financial services market for entrepreneurs in Russia. In October 2017, QIWI bought the rights to the brand and software of the banking services Rocketbank and "Tochka" from Otkritie Bank. In June 2017 the co-founder of the payment service QIWI Andrei Romanenko left the management of the company and sold the stake he owned. In July 2015, QIWI Group became 100% shareholder of CONTACT money transfer system. In 2013, QIWI went public on the NASDAQ, the shares were traded at $17 per share. In November 2012, Visa and QIWI signed a global partnership agreement, under which QIWI Wallet was transformed into a co-branded product Visa QIWI Wallet. QIWI Group was founded by Sergey Solonin, Boris Kim and Andrey Romanenko in 2007. The payment network has more than 16.6 million wallets and virtual cards, as well as almost 106 thousand terminals and payment points. The company has representative offices in three countries. The group includes QIWI payment system, QIWI Bank, CONTACT money transfer system, Factoring PLUS, Flocktory, and QPlatform. QIWI plc is a Russian company that provides payment and financial services in Russia and CIS countries.
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