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Wednesday, August 1, 2012

MasterCard profit rises 15 percent

n">Aug 1 (Reuters) - MasterCard Inc, the world's second-largest credit and debit card network, reported a 15 percent rise in quarterly profit as more people across the globe used cards.

Net income rose to $700 million, or $5.55 per share, from $608 million, or $4.76 per share, a year earlier.

Revenue rose 9 percent to $1.82 billion.

Cardholders made $661 billion of purchases worldwide, on a local currency basis, during the second quarter, up 13 percent.

Shares of the company, which has a market value of over $55 billion, closed at $436.57 on Tuesday on the New York Stock Exchange.


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