Qiwi Q3 Earnings Climb - Quick Facts

(RTTNews) - Moscow-based online payment systems provider Qiwi plc (QIWI) Tuesday reported higher profit for the third quarter, as revenues grew year-over-year. Net profit attributable to equity holders of the parent climbed to 1.57 billion rubles or 28.39 rubles per share from 542.77 rubles or 10.27 rubles per share a year ago. In US dollars, net earnings totaled $39.81 million or $0.72 per share. Excluding certain items, net profit per share totaled 21.05 rubles or $0.53. On average, five analysts polled by Thomson-Reuters estimated the company's earnings to be $0.36 for the quarter. Analysts' estimates typically exclude one-time items. Revenues rose to 3.82 billion rubles from 2.97 billion rubles last year, while in US dollars it amounted to $97 million. Analysts expected revenues of $50.50 million. For fiscal 2014, the company now expects adjusted net profit to increase by 60% to 70%, up from the previous guidance of 36% to 38%. Total adjusted net revenue is expected to increase by 32% to 40%, higher than the previous expectation of 30% to 32%. The board recommended a dividend of 38 US cents per share to shareholders on record November 24, payable November 26.