UPDATE 1-Uruguay's dLocal posts 55% jump in Q1 earnings

Reuters
·1 min read

(Adds additional details)

May 17 (Reuters) - Uruguayan payments firm dLocal on Tuesday posted a 55.4% increase in first-quarter net profit compared to the same period last year, to $26.3 million, boosted by strong volume growth from sectors including delivery, travel and advertising.

Company revenue more than doubled from the year-ago quarter to $87.45 million, dLocal said, beating the Refinitiv estimate of $82.8 million.

Dlocal's first-quarter adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) grew 84.2% to $32.8 million, also beating the Refinitiv forecast of $29.8 million.

Executives of the company, founded in Uruguay but listed on the U.S.-based Nasdaq Stock Market, said in March they remained "bullish" for 2022 and did not expect challenges from inflation, increased interest rates or the Russia-Ukraine conflict. (Reporting by Kylie Madry, Carolina Pulice and Noe Torres; Editing by Christian Plumb)

  • Up next
  • Up next
  • Up next
  • Up next

Latest Stories

  • Peter Kay and Black Keys reschedule dates at Manchester arena after boss quits

    Headaches for Co-op Arena became clear after capacity for a test event last Saturday was reduced with just hours’ notice.

  • Millie Chandarana aiming to provide real-life ‘Bend It Like Beckham’ role model

    The Blackburn midfielder noted Parminda Nagra’s character in the 2002 film was the only South Asian player she could look up to as a youngster.

  • Humza Yousaf will go back to Greens to ‘try to change their minds’, says SNP’s Westminster leader

    Humza Yousaf will attempt to persuade the Scottish Greens to change their minds over a no confidence vote in a desperate attempt to cling on as First Minister.

  • Co-op Live: Peter Kay says new Manchester arena's fresh delay is 'very disappointing'

    The comedian's appearances at Manchester's troubled Co-op Live venue are postponed for a second time.

  • Remains of Officer Killed in Line of Duty Flown to Dallas for Organ Donation

    The body of a Corpus Christi police offer who died after being shot in the line of duty was flown to Dallas, Texas, on Thursday, April 25, in order for the officer’s organs to be donated.Footage released by Corpus Christi Police Department shows the arrival of the coffin of Officer Kyle Hicks at Dallas Love Field.Hicks was shot in the line of duty while responding to a domestic disturbance on April 10, police and local media reported.He died on April 24, Corpus Christi Police Department said.Hicks was transported to the Southwest Transplant Alliance, local media reported, after police said his organs would be donated as a “last act of service”. Credit: Corpus Christi Police Department via Storyful

  • Former Cincinnati Bengal reacts to team's first round selection in 2024 NFL Draft

    The Cincinnati Bengals selected Georgia OT Amarius Mims in the first round of the 2024 NFL Draft. The tackle joins Trent Brown and Orlando Brown Jr. in helping protect star QB Joe Burrow.

  • London theatre: the best musicals and plays to book now

    London has a world-leading theatre scene, offering everything from plays, musicals and comedy to immersive and family-friendly entertainment. In the West End, and beyond, you’ll find both beloved long-running shows and cutting-edge new work, featuring A-list actors alongside rising stars.

  • Pfizer Now Rivals The World's Most Expensive Medicine After FDA Approves Gene Therapy

    The FDA approved Pfizer's hemophilia gene therapy on Friday, putting the pharma giant on track to rival the world's most expensive drug.

  • Zarqa Al Yamama, Riyadh: a bold attempt, but Saudi Arabia’s first grand opera falls flat

    As Saudi Arabia continues its quest to establish itself as a cultural force on the world stage, investing significantly in its cultural heritage, it has turned to opera as a way forward. There is a new opera house being built, aiming for completion in 2029. Meanwhile, opera has temporarily taken over the huge King Fahad Cultural Center in Riyadh, which has been rapidly repurposed to accommodate the world premiere of a new opera specially commissioned by the country’s Theatre and Performing Arts

  • Sweden should spend more on defense and increase the number of conscripts, lawmakers recommend

    Sweden should increase its military budget by nearly 54 billion kronor ($5 billion) until 2030 to strengthen its air defenses and beef up the number of conscripts, a Swedish parliamentary committee recommended Friday. The report by the Defense Committee which is made up of representatives of the eight political parties sitting in the Swedish parliament, said that NATO membership and the serious security situation require higher ambitions. “An armed attack against Sweden or our allies cannot be ruled out,” the commission said in its report entitled “Strong defense capability, Sweden as an ally.”

  • Jensen Ackles cast in Tracker

    The Supernatural alum will officially share the screen with Justin Hartley in the new CBS series Tracker. Hartley shared the casting news on Thursday 25 April, revealing on Instagram that Ackles is set to play his character Colter's brother, Russell Shaw. "We finally came up with what I think is the perfect casting choice. This person knocks it out of the park every time.", Justin Hartley / Instagram. "We agreed to do this together, but apparently he's in the middle of something," he quipped as he panned the camera over to reveal Ackles playing an arcade game.

  • Humza Yousaf cancels Glasgow speech as speculation grows over political future

    Allies of Scottish first minister say he ‘will come out fighting’ after Greens say they would back no confidence motion

  • Aon first-quarter profit grows on gains from investments, funds

    Interest income rose nearly six times to $28 million in the first quarter ended March, primarily due to interest earned on $5 billion investment of debt proceeds used to fund the purchase of NFP. Last year, Aon agreed to buy privately held NFP in a deal valued at about $13.4 billion to tap the fast-growing middle-market segment of insurance brokerage, wealth management and retirement plan advisory. Fiduciary investment income, which rose to $79 million in the quarter from $52 million a year ago, refers to interest earned on funds held in a fiduciary capacity by entities acting in a custodial role.

  • Wales is becoming a safe haven for trans extremists

    For years, parents, teachers, clinicians, women’s-rights groups and others across the UK challenged, quite reasonably, the assumptions behind diagnoses of “gender dysphoria” in the young – and the evidence base for the treatment being prescribed.

  • Edinburgh council urges residents going to BBL surgeries offered online to contact them

    A council has warned residents set to undergo a 'Brazilian Butt Lift' (BBL) to contact them over concerns about cosmetic surgeries being offered through social media. According to the NHS, a BBL has the highest death rate of all cosmetic surgeries. The British Association of Aesthetic Plastic Surgeons (BAAPS) has previously advised its members not to carry out the procedure.

  • Girl accused of school stabbings remanded to youth detention

    The 13-year-old, who cannot be named for legal reasons will appear at Swansea Crown Court on May 24.

  • Daimler Truck faces imminent strike by over 7,300 US workers

    Daimler Truck must reach a new labor contract with over 7,300 hourly workers at six facilities in the U.S. South by the end of Friday or face a possible strike by the United Auto Workers (UAW) union members. The workers are seeking higher pay, institution of cost-of-living adjustments and greater job security from the heavy-truck maker, UAW President Shawn Fain said during an online speech earlier this week. "Workers' wages at Daimler have not kept up," he said on Tuesday.

  • FTSE 100 Live: Index hits another record, shock Darktrace buyout, Anglo rejects BHP

    Darktrace’s three year stay on the London stock market is set to end after the cybersecurity firm backed a £4 billion takeover by a US private equity firm. The developments came as mining giant Anglo American said it had rejected BHP’s “opportunistic” £31 billion bid approach.

  • Shut down the asylum system until we figure out what the hell is going on

    How incredibly tolerant we’ve been, led to believe our security measures are robust, yet the mainstream media remains silent, they won’t speak about it and the political class are seemingly indifferent.

  • WEX First Quarter 2024 Earnings: EPS: US$1.57 (vs US$1.58 in 1Q 2023)

    WEX ( NYSE:WEX ) First Quarter 2024 Results Key Financial Results Revenue: US$652.7m (up 6.7% from 1Q 2023). Net...