The holding company Itaúsa reported this Friday (11) growth of 51% in profit in the third quarter against a year earlier, helped by the result of Itaú Unibanco and the sale of shares of XP Inc..
Net income was R$ 3.56 billion between July and September, up 50.6% compared to the same period last year.
Itaúsa is a holding company, controlling Itaú, the largest private bank in Latin America, in addition to holding stakes in companies such as Alpargatas, owner of the Havaianas brand, and infrastructure operator CCR.
“The growth reflects the solidity of the portfolio and gains from asset turnover”, said Itaúsa in an earnings release. The company said the contributions came mainly from Itaú and the natural gas transport company NTS.
Itaúsa also mentioned capital gain from the sale of XP shares carried out in July for R$ 665 million.
Itaúsa has been reducing its stake in XP, as it does not see the asset as strategic. The day before, the holding company revealed a new operation in which it raised R$ 1.5 billion by getting rid of another 15.5 million shares.
This year alone, the holding company has already sold 41 million shares of XP for R$ 4.6 billion, reducing its share to 6.39% of the capital of the brokerage and investment company.
Source: CNN Brasil
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