Qiwi plc Reiterates Earnings Guidance for the Year 2020; Reports Impairment Charges for the First Quarter Ended March 31, 2020
May 20, 2020 at 06:30 am EDT
Qiwi plc reiterated earnings guidance for the year 2020. For the year, the company's total net revenue is expected to increase by 3% to 13% over 2019; payment services segment net revenue is expected to change by negative 3% to 5% over 2019. The company, expects net profit growth of 10% to 30%.
The company reported impairment charges for the first quarter ended March 31, 2020. For the quarter, the company reported impairment of intangible assets of RUB 20 million.