Cielo has net income of r $ 623,3 million in the quarter

SAO PAULO-the card merchant acquirer and Cielo recorded net income of r $ 623,3 million in the second quarter, a 13.6% in comparison with the same period last year. The result came under R $ 639,6 million provided for the average of five analysts ' projections compiled by the value Pro, real-time service value.
NET operating revenue totaled r $ 1.6 billion, an increase of 28.9% compared to the previous year. Already the financial volume captured by the merchant acquirer and amounted to r $ 106.4 billion in the second quarter, annual growth of 14.2%.
The company's net profit margin fell 5.2 percentage points compared to the previous year, to 38.8%. Operating expenses increased by $ 15.7 million, or 7.1%, to R $ 235,5 million in the second quarter of this year.
The installed base of POS (Point of Sales) had an increase of 9.9% over the same quarter of the previous year, totaling 1.74 million machines installed.
The company's Ebitda was r $ 859,1 million, an increase of 22% on the same comparison. The Ebitda margin was 53.5%, reduction of 3.1 percentage points over the same period.