Itaúsa, the controlling holding company of Itaú Unibanco, announced on Monday (8) that it had recurring net income of BRL 2.675 billion in the third quarter, an increase of 35.4% compared to the same stage in 2020.
In the report, the company stated that the advance mainly reflected the better result of Itaú, benefited by the expansion of the credit portfolio, better margin with defaults, in addition to the growth in expenses at a slower pace than inflation.
Among the industrial companies in Itaúsa’s portfolio, the shoe manufacturer Alpargatas had a 12.7% growth in net revenue, while the sanitary ware and wood panel producer Dexco also had expansion in all its main lines.
On the other hand, the results of the results pressured by the natural gas transport and distribution company NTS and the cooking gas company Copa Energia, the former by exchange rate effects and the latter by expenses with the purchase of Liquigás.
As of July, Itaúsa started to record the results of the basic sanitation company Aegea. She also has a stake in the XP investment platform, whose results also contributed to profit growth.
Reference: CNN Brasil
I am Sophia william, author of World Stock Market. I have a degree in journalism from the University of Missouri and I have worked as a reporter for several news websites. I have a passion for writing and informing people about the latest news and events happening in the world. I strive to be accurate and unbiased in my reporting, and I hope to provide readers with valuable information that they can use to make informed decisions.
