Brief: Kaspi.kz Q3 net income up 40% on year

Kaspi.kz AO

23/10/2023 07:18

Oct 23 (Reuters) - Kazakh fintech and banking firm
Kaspi.kz  KSPI.KZ  said:
    * During the third quarter of 2023, total revenue increased
51%
year-over-year to 508 billion tenge ($1.1 billion). For the
first nine months of 2023, total revenue increased 53% to 1.3
trillion tenge ($2.8 billion).
    * Net income increased 40% year-over-year to 232 billion
tenge
($0.5 billion) in the third quarter. For the first nine months
of 2023, net income increased 50% to 601 billion tenge ($1.3
billion).
    * Board of directors has proposed, subject to shareholder
approval, a third quarter 2023 dividend of 850 tenge  ($1.77)
per GDR.
    * In addition, Kaspi.kz will commence a new GDR buyback
program of up to $100 million

Source text for Eikon:  urn:newsml:reuters.com:*:nRSW9419Qa
Further company coverage:  KSPI.KZ 

($1 = 478.9100 tenge)

 (Reporting by Olzhas Auyezov
Editing by Bernadette Baum)
 ((Olzhas.Auyezov@thomsonreuters.com;))