Aug 14 (Reuters) - Uruguayan digital payments company
dLocal reported that its second-quarter gross profit
slipped 1% compared to the same period last year to total $69.8
million, the firm said in a statement on Wednesday.
The fintech added that revenues for the April-to-June period
rose 6% year-on-year to reach about $171 million, below the LSEG
analyst forecast of $207 million.
The Montevideo-based company reported its net income for
the quarter at $46.2 million, up 3% compared to profits of
nearly $45 million during the year-ago period.
The company's net income exceeded LSEG analyst
expectations of $30.5 million for the quarter.
Adjusted earnings before interest, taxes, depreciation
and amortization (EBITDA) fell 18% to settle at about $43
million, below the LSEG forecast of $44.9 million.
DLocal ( DLO ) operates across most of Latin America as well as
parts of Africa and Asia for clients such as Google
and Amazon ( AMZN ).