Brazil payment firm PagBank posts 21% increase in fourth-quarter recurring net profit-February 2024-www.financetom.com

Brazil payment firm PagBank posts 21% increase in fourth-quarter recurring net profit

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Brazil payment firm PagBank posts 21% increase in fourth-quarter recurring net profit

Feb 20, 2025 2:12 PM

SAO PAULO, Feb 20 (Reuters) - Brazilian payments firm

PagBank 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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