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Mastercard profit rises 38 percent

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Reuters
Last Updated : May 02 2018 | 5:55 PM IST

(Reuters) - Mastercard Inc reported a 38 percent rise in quarterly profit on Wednesday, boosted by higher consumer spending on credit and debit cards.

Net income rose to $1.49 billion, or $1.41 per share, in the first quarter ended March 31 from $1.08 billion, or $1 per share, a year earlier. (https://bit.ly/2rfeEYR)

Net revenue rose 31 percent to $3.58 billion.

(Reporting by Nikhil Subba in Bengaluru; Editing by Shailesh Kuber)

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First Published: May 02 2018 | 5:42 PM IST

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