Kaspi.kz's US-listed shares rise after Q1 profit jumps

Kaspi.kz AO

22/04/2024 17:54

** Kazakhstan-based banking and fintech giant Kaspi.kz's
 KSPI.O  U.S.-listed shares rise as much as 5.9%; last up 2% at
$117.99
    ** KSPI posts Q1 net income of 223.44 bln Kazakh
tenge($523.7 mln), up 28% from last year
    ** Q1 revenue jumps 40% to 552.81 bln Kazakh tenge, driven
by robust performance in "Marketplace", KSPI's platform that
connects online and offline merchants with consumers
    ** Marketplace revenue more than doubled to 150 bln Kazakh
tenge in Q1, boosted by strong growth in consumer numbers and
value-added services
    ** As of last close, KSPI shares up 25.8% since debut on
Jan. 19
    
($1 = 445.7500 tenge)

 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com;))