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The net MasterCard profit increases by nearly 15% in Q3
04-11-2010 11:58
The net MasterCard profit increases by nearly 15% in Q3
The net MasterCard profit increases by nearly 15% in Q3

The net profit by MasterCard grew by 14,6% in the 3rd quarter, thus having constituted 518 mln dollars, which is 3,94 dollars per share. A year ago the company earned 452 mln dollars for the same period. These data was released today by MasterCard operator of the payment system bearing the same name. The revenue of MasterCard jumped 5,1% - up to 1,43 bln dollars. A year before this index was at 1,36 bln dollars level. The operational profit increased by 13,8% up to 766 mln dollars versus 673 mln dollars a year before, the document says. The number of transactions carried out via MasterCard grew by 0,6% in the 3rd quarter, having thus achieved 5,8 bln. As of the end of the current September the company’s clients dispose 1,6 bln MasterCard and Maestro cards. By the end of the first nine months of the current year the net profit made by the American Company boosted by 22,2% and amounted to 1,43 bln dollars. The net profit of the corporation rose by 7,9% - up to 4,1 bln dollars, while the gain of the operational profit is 21,8%, which brought it up to 2,18 bln dollars. Ajay Banga commented on the accomplishments of the company saying that consumers all over the world realize how advantageous electronic payment systems are and MasterCard stands in the centre of this evolution. For January-September the profit of our Company grew by 22%, mainly due to increasing popularity of our cards on all the markets excluding that of the USA. Presently, MasterCard is one of the leading payment systems in the world, rendering services to financial institutions, individuals and enterprises in over 210 countries and controls the emission of a series of famous and generally accepted cards, such as MasterCard, Maestro and Cirrus. MasterCard Company has its headquarters in the New-York state (US) and numerous offices in 37 countries of the world.  

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

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