QIWI Q2 Profit Slides, Reviews FY Outlook

(RTTNews) - QIWI (QIWI), a provider of next generation payment services in Russia and the CIS, Tuesday said its second-quarter attributable profit fell to 632.26 million rubles or $11.39 million from 727.54 million rubles in the prior year.

Earnings per share were 11.25 rubles, compared to 13.66 rubles last year.

Adjusted net profit increased 9 percent to 1.033 billion rubles.

Revenue grew to 4.197 billion rubles from 3.488 billion rubles in the previous year.

Total adjusted net revenue increased 20 percent to 2.525 billion rubles from 2.112 billion rubles last year.

Total payment volume increased 31 percent to 204.2 billion rubles.

Further, the company reviewed its full-year guidance. For 2015, adjusted net profit is expected to increase 18 to 22 percent over 2014, and adjusted net revenue is expected to increase 18 to 22 percent over 2014.