Brazil's XP reports 16% increase in adjusted net income in fourth-quarter

Reuters

02-19

Brazil's XP reports 16% increase in adjusted net income in fourth-quarter

SAO PAULO, Feb 18 (Reuters) - Brazilian brokerage and investment platform XP XP.O on Tuesday posted a 16% rise in its fourth-quarter adjusted net income compared to the year-ago period.

In a filing, XP also said it posted a 1.21 billion real ($212.86 million) net profit for the quarter that ended last December.

(Reporting by Isabel Teles)

((Isabel.Teles@thomsonreuters.com;))

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