XP Inc.’s net income jumps 89% in the first quarter, to $ 68 mm

XP Inc.’s net income jumped 89% in the first quarter of 2020, compared to the same period last year, to R$ 398 million ($ 68 million). Over the previous quarter, the increase was 2%. The company’s adjusted net profit was R$ 415 million ($ 71 million) – an increase of 147% over the amount seen a year earlier, but a decrease of 1% in relation to the fourth quarter of 2019.

Source: Infomoney