MasterCard Profit up 11% on Volume Jump

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CBJ — MasterCard, the operator of the world’s second-largest payments network, reported an 11% increase in quarterly profit as purchase volumes increased.

The company’s net income rose to US$890 million, or 79 cents per share, in the fourth quarter ended Dec. 31 from $801 million, or 69 cents per share, a year earlier.

Net revenue rose 4% to $2.52 billion.


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