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注冊日期 : 2022-07-22
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Brazil's Cielo Q2 net profit doubles, beating forecasts
周三 8月 03, 2022 4:53 pm
Brazil's Cielo Q2 net profit doubles, beating forecasts
Brazilian payment processor Cielo SA said on Tuesday its second-quarter net profit more than doubled, beating analysts' forecasts, helped by proceeds from the sale of a subsidiary.
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The company, controlled by lenders Bradesco and Banco do Brasil, posted net income of 635.3 million reais (US$120.38 million), well above the 285.9 million reais expected by analysts in a forecast compiled by Refinitiv.
Cielo's profit was boosted by the sale of its stake in US firm Merchant e-Solutions, which was concluded in April and added 282 million reais to its bottom line.
Total payment volume processed by the company was 221 billion reais, up about a third from last year.
Operating net revenue, on the other hand, fell 9.7 per cent to 2.54 billion reais, reflecting the loss of revenue from the sale of e-Solutions. Excluding the former subsidiary, revenue grew by 33.7 per cent.
Earnings before interest, taxes, depreciation and amortisation (EBITDA) for the quarter was 1.18 billion reais, more than doubling from year-ago period.
Brazilian payment processor Cielo SA said on Tuesday its second-quarter net profit more than doubled, beating analysts' forecasts, helped by proceeds from the sale of a subsidiary.
สมัครเล่นสล็อต Play well, play easily. Just use your mobile phone to risk your luck with us, or you can keep collecting money, such as online fishing games or risk games.
The company, controlled by lenders Bradesco and Banco do Brasil, posted net income of 635.3 million reais (US$120.38 million), well above the 285.9 million reais expected by analysts in a forecast compiled by Refinitiv.
Cielo's profit was boosted by the sale of its stake in US firm Merchant e-Solutions, which was concluded in April and added 282 million reais to its bottom line.
Total payment volume processed by the company was 221 billion reais, up about a third from last year.
Operating net revenue, on the other hand, fell 9.7 per cent to 2.54 billion reais, reflecting the loss of revenue from the sale of e-Solutions. Excluding the former subsidiary, revenue grew by 33.7 per cent.
Earnings before interest, taxes, depreciation and amortisation (EBITDA) for the quarter was 1.18 billion reais, more than doubling from year-ago period.
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