Kaspi.kz JSC Sponsored ADR RegS (KSPI) has released an update.
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Kaspi.kz JSC, a Kazakhstan-based digital finance and e-commerce company, has reported robust growth in the first quarter of 2024, with revenue and net income increasing by 40% and 28% year-over-year, respectively. The company’s Payments and Marketplace Platforms were significant contributors, representing 68% of the net income, a notable increase from the previous year. Highlighting their expansion, Kaspi.kz plans to continue innovating in e-commerce, particularly with e-Grocery and e-Cars, while also proposing a dividend of KZT850/ADS subject to shareholder approval.
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