Brazil's PagSeguro posts 29% growth in profit & More News Here

SAO PAULO, June 8 (Reuters) – Brazilian monetary expertise firm PagSeguro Digital (PAGS.N) reported a 29% growth in first quarter web earnings, supported by a strengthening buyer base and income enlargement.

The New York-listed firm posted web profit of 350 million reais ($71.60 million), whereas its whole income for the quarter grew 66% from the the earlier 12 months to three.42 billion reais.

($1 = 4.8880 reais)

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Reporting by Aluisio Alves; Writing by Peter Frontini; Editing by Christian Plumb

Our Standards: The Thomson Reuters Trust Principles.

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