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COMMENT / COMMENT

  MasterCard Takes Credit For Income Surge

By Branko Miletic | Tuesday | 29/04/2008

According to a report in Bloomberg.com, credit card provider MasterCards first-quarter profit rose 85 per cent as purchase revenue increased.


Click to enlarge
Net income rose to $AUD428 million from $AUD231 million, the company said.

As the world's second-largest credit-card network after Visa MasterCard, has beaten analysts' profit estimates every quarter since the company went public in 2006, after which its share price exploded a massive 500 per cent.

For its part Visa, reported a quarterly profit rise of 28 per cent to $AUD336 million yesterday.

 

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