| Delayed 05:26:18 2024-04-26 pm EDT | 5-day change | 1st Jan Change | ||
| 5.471 BRL | -1.05% |
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-2.16% | +2.15% |
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SAO PAULO (Reuters) - Brazilian payment firm PagBank posted a 20% increase on its fourth quarter net profit from a year earlier, benefited from a rise in its total payment volume (TPV) on acquiring business.
The firm, which operates as an acquirer and a digital lender, reported a 488 million reais ($98.24 million) net profit for the fourth quarter. Analysts polled by LSEG were expecting a 441.3 million reais reported net income.
Its net revenue rose 10% year-on-year in the quarter ended in December to 4.35 billion reais, with a 21% increase in total payment volume (TPV) on its main acquiring business.
($1 = 4.9675 reais)
(Reporting by Andre Romani; Editing by Steven Grattan)
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| 12.68 USD | +7.28% | +10.45% | 4.01B | ||
| 5.471 BRL | -1.05% | -2.16% | - | ||
