Qiwi PLC (QIWI) has released an update.
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Qiwi PLC reported a significant turnaround in its financial performance for the year 2023, with substantial growth in revenue, net profit, and adjusted EBITDA, reflecting a strong recovery from the previous year’s losses. Following the divestiture of its Russian operations, the company is now focusing on expanding its payment and financial services in Kazakhstan, the UAE, and investing in fintech across various regions. These strategic moves, supported by a healthy balance sheet, position Qiwi for further development in the global fintech sector.
For further insights into QIWI stock, check out TipRanks’ Stock Analysis page.
