SAO PAULO (Reuters) – Brazilian financial technology company PagSeguro Digital reported a 29% growth in first quarter net income, supported by a strengthening customer base and revenue expansion.
The New York-listed company posted net profit of 350 million reais ($71.60 million), while its total revenue for the quarter grew 66% from the the previous year to 3.42 billion reais.
($1 = 4.8880 reais)
(Reporting by Aluisio Alves; Writing by Peter Frontini; Editing by Christian Plumb)
