Brazil payment firm PagBank posts 21% increase in fourth-quarter recurring net profit
ReutersFeb 20, 2025 9:37 PM
SAO PAULO, Feb 20 (Reuters) - Brazilian payments firm PagBank PAGS.N posted on Thursday a 21% increase in its fourth-quarter net profit from a year earlier.
The company, which also operates a digital bank, posted a record net recurring profit of 631 million reais for the quarter ended in December, while analysts polled by LSEG had expected a 571.5-million-real profit.
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