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Uruguay's dLocal posts second-quarter profit dip, but net income up
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Uruguay's dLocal posts second-quarter profit dip, but net income up
Aug 14, 2024 2:10 PM

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 ).

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