Profitability PressureSofter remittance growth in low and middle-income countries may pressure profitability.
Revenue DeclineGiven the continued uncertainty and the continued trend of revenue ex-Iraq declining on a YoY basis, analysts remain Sell rated.
Revenue VolatilityCommentary around the contribution to revenues from Iraq for the rest of the year suggest that these revenues will be volatile and highly uncertain, which is likely to make it difficult to track the company’s progress on its initiatives in the retail business.