Itaúsa (ITSA4) recorded recurring earnings of R$3.6 billion in the second quarter of 2024

Posted at 8:48 PM

Itaúsa (ITSA4), the country’s largest publicly traded investment holding company, recorded recurring net profits of R$3.635 billion, equivalent to a growth of 22% compared to the same period in 2023.

The numbers were released on Monday night the 12th.

According to the company, the increase is mainly due to the better recurring result of Itaú Unibanco (+R$506 million) and the better financial result of the holding company (+R$98 million), which was partly affected by the lower results in the extraordinary period. -Financial sector (-R$22 million).

The company’s net profit attributable to controlling shareholders amounted to R$3.76 billion in the quarter, up 4.7% year-on-year.

“During this quarter, we delivered growing operating results, as well as better financial results, due to the strong performance of our portfolio and the successful implementation of our liability management strategy,” said Alfredo Setubal, President of Itaúsa.

See more details about the Q2 2024 results in the table below:

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