Kaspi.kz Q2 revenue rises 15%, board recommends 18% dividend increase

Earnings
โดย The Motley Fool·KZ·Read original
Summary · why it matters

Kaspi.kz reported second-quarter revenue up 15% to KZT 1.1 trillion, driven by e-commerce and fintech growth, while the board recommended an 18% dividend increase over the prior quarter. Adjusted EBITDA rose 5% to KZT 397 billion, and net income was flat at KZT 259 billion as higher funding costs offset revenue gains. The company lowered its 3-month deposit rate from 20% to 19% in August, a product that represents around 30% of deposits, following a cut in Kazakhstan's national bank rate. E-commerce GMV grew 28% on a constant currency basis, and the average net loan portfolio expanded 18%. Management reiterated full-year guidance for GMV growth of around 20% and average net loan portfolio growth of 15%.

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