QIWI Q4 Profit Jumps - Quick Facts

(RTTNews) - QIWI plc (QIWI) posted a sharp rise in fourth-quarter net profit attributable to equity holders of the parent to 505.04 million Russian rubles, or $15.43 million, from 275.93 million rubles a year before. On a per share basis, earnings amounted to 9.53 rubles, a significant increase from 5.30 rubles in the 2012 period.

In terms of U.S. currency, the company posted $0.29 per share of earnings in the latest quarter. On average, 4 analysts polled by Thomson Reuters expected earnings per share of $0.28 for the quarter. Analysts' estimates typically exclude one-time items.

For the recent quarter, adjusted net profit totaled 567 million rubles, or $17.3 million, or 10.69 rubles per share.

Quarterly revenue of 3.28 billion rubles, or $100.18 million was higher than the prior-year level of 2.59 billion rubles. Adjusted net revenue was 1.7 billion rubles, or $51.9 million, a 35% increase, compared with 1.26 billion rubles in the previous year. Adjusted net revenue, excluding revenue from fees for inactive Visa QIWI Wallet accounts, went up by 24% year-on-year, the firm added. Four analysts estimated revenues of $50.0 million for the fourth quarter.