SAO PAULO Feb 15 Profit at Brazil's Grupo BTG
Pactual SA fell in the fourth quarter, as revenue in
most business lines dropped in the wake of a dramatic balance
sheet downsizing at Latin America's largest independent
In a statement released late on Tuesday, BTG Pactual said
net income totaled 652 million reais ($211 million) in the
quarter, down 1 percent from the prior three months.
Annualized return on equity, a measure of profitability,
rose slightly to 12.7 percent in the fourth quarter, the
statement said, after a large interest-on-equity payment helped
reduce shareholder equity by about 17 percent.
($1 = 3.0840 reais)
(Reporting by Guillermo Parra-Bernal; Editing by Leslie Adler)