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Kaspi.kz 3Q and 9M 2024 Financial Results

GlobeNewswire LogoGlobeNewswire11h ago

Kaspi.kz 3Q and 9M 2024 Financial Results - GlobeNewswire

Quick Summary:

ALMATY, Kazakhstan, Oct.18, 2024 (GLOBE NEWSWIRE) -- Joint Stock Company Kaspi.kz ("Kaspi.kz”, "we”) (Nasdaq:KSPI) which operates the Kaspi.kz Super App for consumers and Kaspi Pay Super App for merchants, today publishes its unaudited consolidated IFRS financial results for the quarter and nine months ended 30 September 2024 ("3Q & 9M 2024”).9M 2024 Highlights Timing of marketing campaigns has distorted GMV growth between 2Q and 3Q.9M 2024 is more representative of business performance with revenue and net income up 34% and 23% respectively.

Serving 12 million consumers and 101 thousand merchants, we believe Hepsiburada is a strong cultural fit with Kaspi.kz given its innovative culture, focus on providing high quality services to consumers and merchants and commitment to long-term sustainable growth.Like Kaspi.kz, Hepsiburada is a highly entrepreneurial company and home-grown e-Commerce champion, built by a visionary founder.

Hepsiburada is a strong cultural fit with Kaspi.kz given its innovative culture, focus on high quality services and sustainable growth.   Formal letter of interest to participate in the privatisation of the Humo payments system in Uzbekistan submitted.

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Article Details

Author / Journalist: JSC Kaspi.kz

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-18 @ 10:57:00 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

Article Length: 582 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © GlobeNewswire

News ID: 23118281

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About GlobeNewswire

Main Topics: Technology

Official Website: globenewswire.com

Update Frequency: 30 posts per day

Year Established: 1998

Headquarters: China

News Last Updated: 8 hours ago

Coverage Areas: China

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #116

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