Brazil-based Cielo S.A. (CIOXY.PK) said Wednesday its first-quarter net income surged 33.4% to R$567 million from R$425 million last year.
Net operating revenue for the quarter rose 26.5% to R$1.2 billion from R$965 million last year. Adjusted net operating revenue was R$1.4 billion, compared to R$1.08 billion.
Cielo S.A. operates in the merchant acquiring and payment processing industry in Brazil.
by RTT Staff Writer
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