05:17 PM EST, 11/12/2024 (MT Newswires) -- Nuvei ( NVEI ) shares edged down in after-hours Nasdaq trading as it reported lower third quarter adjusted profit, but revenue increased.

The payments company, in the midst of being being taken private, said its adjusted net income, excluding most one-time items, fell 8% to US$52.3 million, or US$0.34 per share, from US$56.8 million, or US$0.39, last year.

Revenue increased 17% to US$357.6 million, while total volume increased by 27% to US$61.3 billion, the company said.

The company will pay a dividend of US$0.10 per share on Dec. 12, if the proposed transaction is not completed by the record date of Nov. 26.

"Our business remains highly profitable, with third quarter margins reflecting opportunistic investments to expand our global footprint. As we look to finalize our pending take-private, we are already executing on a highly compelling value creation plan, and we have initiated the process of adding 300-plus new roles across our product, technology, and commercial teams," said CEO Philip Fayer.

Nuvei ( NVEI ) is down US$0.16 to US$33.41 in U.S. after-hours trade. It closed $0.11 higher to $46.82 on the Toronto Stock Exchange.