Monday, May 7, 2007

UPDATE 1-Brazil's Bradesco posts higher profit on credit

(Reuters) - Net earnings rose to 1.705 billion reais in the quarter, up from 1.53 billion reais in the year-earlier period and 1.62 billion reais in the fourth quarter of 2006. The result was in line with the 1.726 billion reais average forecast of five analysts surveyed by Reuters.

Return on equity, a key gauge of profitability, averaged 30.2 percent in the fourth quarter, down from 34.6 percent a year ago and 32.3 percent in the previous quarter.


Read more at Reuters.com Market News

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