Brazil's B3 profit falls slightly, but beats expectations
August 11, 2022 at 06:27 pm EDT
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SAO PAULO (Reuters) - Brazilian stock exchange operator B3 SA Brasil Bolsa Balcao on Thursday reported a slight decline in second-quarter recurring net profit, as falling trading volumes reflected higher interest rates, but still beating analysts' estimates.
B3's recurring net profit came in at 1.34 billion reais ($259.76 million), above the Refinitiv forecast of 1.23 billion reais.
($1 = 5.1587 reais)
(Reporting by Peter Frontini; Editing by Brendan O'Boyle)
B3 SA Brasil Bolsa Balcao, formerly BM&F Bovespa SA Bolsa de Valores Mercadorias e Futuros, is a Brazil-based financial market infrastructure provider. The Company's service offerings range from exchange trading, clearing and other post-trading services to registration of over-the-counter (OTC) transactions. The Company also provides a listing service and acts as central securities depository (CSD). It develops software solutions and offers index licensing services. Its business is divided into four segments: Bovespa, which covers trading, clearing and settlement of equities and equity derivatives; BM&F, which covers trading, clearing and settlement of financial and commodities derivatives; Cetip Securities (Cetip UTVM), covering registration, clearing, settlement and custody systems for fixed-income securities and OTC derivatives, and Cetip Financing (Cetip UFIN), which provides an integrated private electronic system for registration of vehicle and real estate loans.
B3 S.A. - BRASIL, BOLSA, BALCÃO 
