Reuters logo
Brazil's Cetip beats second-quarter profit estimates on revenue
August 8, 2013 / 9:58 PM / 4 years ago

Brazil's Cetip beats second-quarter profit estimates on revenue

SAO PAULO, Aug 8 (Reuters) - Cetip SA Mercados Organizados , Latin America’s largest securities clearinghouse, slightly beat second-quarter profit estimates on Thursday, after revenue rose more than expected.

Net income at Cetip reached 91.2 million reais ($40 million) in the quarter, compared with 80.1 million reais in the prior three months and 63.5 million reais in the same period a year earlier, according to a securities filing. The company was expected to earn 90.2 million reais in profit, according to the average estimate of seven analysts in a Thomson Reuters poll.

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below