Brazil's PagSeguro Q4 profit jumps 35%, beating forecasts

PagSeguro Digital

02/03/2023 21:17

SAO PAULO, March 2 (Reuters) - Brazilian financial
technology firm PagSeguro Digital  PAGS.N  on Thursday posted a
35% jump in its fourth-quarter net profit, beating expectations
on the back of growing market share and more secured loans.
    The New York-listed company, which operates as a digital
bank and as a payment processor, posted net profits of 408
million reais ($78.4 million) for the quarter, surpassing the
400.13 million reais estimated by analysts polled by Refinitiv.

($1 = 5.2070 reais)

 (Reporting by Peter Frontini; Editing by Sarah Morland)
 ((Peter.Siqueira@thomsonreuters.com; +55 11 56447727;))