Brazilian company BB Seguridade Participacoes SA BBSEY reported a 53.6% rise in its second-quarter net profit.
The company's quarterly net profit surged to 845 million Brazilian reais ($368 million), from 550 million reais, in the year-ago quarter.
Recurring profit came in at 845.4 million reais ($372 million), versus analysts' estimates of 726 million reais.
Its net revenue climbed 46.2% to 1.15 billion reais from 791 million reais. Proceeds from investments climbed 36.8% y/y to 39.91 million reais.
The company's expenses increased 9.5% y/y to 130 million reais, while return on equity rose to 64.9% from 43.7%.
BB Seguridade shares closed at $14.56 yesterday.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in