Fintech dLocal posts fourth-quarter net profit up 4%

Reuters
02-28
Fintech dLocal posts fourth-quarter net profit up 4%

Feb 27 (Reuters) - Uruguayan fintech dLocal DLO.O on Thursday announced a fourth-quarter net profit of $29.7 million, up 4% from a year earlier but landing below the $44.7 million estimate of analysts polled by LSEG, with the boost partly driven by stronger volumes in Egypt.

Revenues for the payments provider, which operates across Africa, Asia and Latin America, meanwhile jumped 9% to $204.5 million, broadly in line with the $206 million forecast by analysts.

(Reporting by Sarah Morland in Mexico City; Editing by Kylie Madry)

((sarah.morland@thomsonreuters.com;))

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