QIWI has completed the consolidation of almost all Russian assets as part of QIWI

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AK&M 30 June 2023 18:07

QIWI has executed all legally binding documents on transactions related to the withdrawal of Russian assets from its control, and has completed the consolidation of almost all Russian assets as part of JSC "KIWI". This is stated in the company's message.

Among them: ROVI Group of Companies, including Factoring Plus LLC and ROVI Tech LLC; RealWeb Group of Companies, including RealWeb Management Company LLC, IA RealWeb LLC, Sphere LLC, Center LLC, Fusion Tech LLC, LLC "De Vision", LLC "Vailmobile", LLC "Conversion", LLC "Date Go", LLC "Epic Growth"; LLC "Billing Online Solutions"; LLC "KIWI Finance"; LLC "FriEtLast"; LLC "KIWI Lab"; LLC "KIWI Technologies"; LLC "KIWI Payments"; LLC "Rocket Universe"; LLC IFC "Flight Finance".

The company indirectly controls all its Russian assets through JSC "KIWI". In accordance with the plan, the company plans to completely get rid of such Russian assets by August 30, 2023. The Kazakh business was transferred to QIWI plc.

QIWI is a provider of advanced payment and financial services in Russia and the CIS. QIWI's net profit for fiscal year 2022 decreased by 21.6% compared to the same period of the previous year to RUB 13.7 billion (RUB 209.5 per diluted share). Adjusted net profit increased by 45.9% to RUB 13.99 billion. Revenue increased by 25.2% to RUB 51.5 billion. Total net increased by 47.7% to 34.14 billion rubles.