QIWI Q3 Profit Rises - Quick Facts

(RTTNews) - QIWI plc, (QIWI) reported that its third-quarter net income to equity holders of the parent increased to RUB 542.77 million, from RUB 418.14 million, last year. Profit per share attributable to ordinary equity holders of the parent was RUB 10.27, compared to RUB 8.04, previous year. Adjusted net income increased by 56% to RUB 605 million.

Adjusted EBITDA was RUB 793 million, an increase of 46% compared to RUB 542 million, prior year. The company said the increase in adjusted EBITDA was primarily driven by revenue growth and continued operating leverage in the business, partially offset by additional overhead expenses in the quarter ended September 30, 2013 mainly driven by move to a new office building.

Revenue rose year-over-year to RUB 2.97 billion, from RUB 2.29 billion. Adjusted net revenue was RUB 1.62 billion, an increase of 49% compared to RUB 1.09 billion for the third quarter of 2012.

For 2013, the company expects its adjusted net revenue to increase by 42% to 45% over 2012, above the previous guidance of 27% to 30%. Adjusted net profit is expected to increase by 50% to 55% over 2012, above the previous guidance of 35% to 40%. QIWI announced that its Board has approved a dividend of 32 cents per share. The dividend record date is November 29, 2013, and QIWI intends to pay the dividend on December 3, 2013.