The profit attributable to CIFA shareholders under IFRS for 2024 fell almost 6 times to 9.16 million rubles from 53.2 million rubles a year earlier. Staff costs increased to 113.754 million rubles from 70.159 million rubles. This is reported in the company's report.
The consolidated revenue of the group is 7.57 billion rubles, revenue from the parent company (PJSC KIFA) is 7.5 billion rubles, and revenue from the subsidiary KIFA International Trading Company (Shenyang) LLC amounted to 61.37 million rubles. Revenue increased by 32.5% by 2023 for the consolidated group as a whole, including 31.4% for the parent company.
Operating profit decreased to 0.33% of revenue (1.51% in 2023). This is due to a significant increase in commissions charged by banks on currency transfers, significant expenses for preparing for an IPO on the Moscow Stock Exchange and the creation of reserves for the impairment of financial assets.
The company's equity increased to 280.431 million rubles, of which the shareholders of the parent company account for 240.797 million rubles.
KIFA, a B2B digital trading platform for making transactions between suppliers and buyers from Russia and China, was founded by Chinese entrepreneur Sun Tianshu.
The main shareholder of PJSC "KIFA" is LLC "Scientific and Technical Development of KIFA XILU (Beijing)" (China). The beneficial owner of the company is its founder, Sun Tianshu.
The net profit of KIFA JSC under IFRS for 2023 amounted to 53.2 million rubles. Trade turnover (GMV) increased by 76% year-on—year to RUB 6.7 billion, revenue increased by 75% to RUB 5.7 billion, and EBITDA increased by 3% to RUB 87 million.
CIF's RAS net profit for the first 9 months of 2024 decreased by 31.9% to 22.2 million rubles from 32.6 million rubles a year earlier. Trade turnover (GMV) increased by 31.21% to 6.7 billion rubles, revenue — by 31.92% to 5.7 billion rubles.
