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

PagSeguro Digital

20/02/2025 21:14

SAO PAULO, Feb 20 (Reuters) - Brazilian payments firm
PagBank  PAGS.N  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. 

 (Reporting by Patricia Vilas Boas and Isabel Teles; Editing by
Kylie Madry)
 ((Isabel.Teles@thomsonreuters.com;))