Source Pravda.Ru

Card use abroad increases MasterCard's profit in the first quarter

MasterCard reported Tuesday that its profit more than doubled in the first quarter. It happened thanks to an increase of customers using credit and debit cards outside the United States.

The multinational corporation earned $446.9 million, or $3.38 per share for the 3-months period. Last year the income was just $214.9 million, or $1.57 a share.

The earnings actually were higher than predicted, even if to strike out the gain from terminating a customer business agreement and another gain from selling Mastercard’s remaining holdings in the Brazilian company Redecard.

Now MasterCard is working at boosting its debit and credit cards in the spheres of U.S. utilities, rental companies and health care providers. This will increase the company’s profit on the home market.

Meanwhile, the company is highly encouraged by increasing card use abroad. The profit is mainly gained from Latin America, South Asia, the Middle East and Africa.

Photo: www.fahad.com

Representatives of the Israeli Defence Ministry responded to recent reports about the possible delivery of S-300 SAM systems from Russia to Syria. Israeli Defence Minister Avigdor Lieberman said that Israel would destroy those systems

Israel vows to destroy Russia's S-300 in Syria in case of danger
Comments
Ukraine loses nearly 4,000 military men killing fellow Ukrainians in Donbass
World War Three is near? The West wants to bypass Russia's veto at UN Security Council
Israel can learn many lessons with the help of Russia's S-300 air defence systems in Syria
Putin to sign new decree to spend ten trillion rubles on social needs
World War Three is near? The West wants to bypass Russia's veto at UN Security Council
Large lake of boiling water found on Mars
Israel can learn many lessons with the help of Russia's S-300 air defence systems in Syria
World War Three is near? The West wants to bypass Russia's veto at UN Security Council
Israel vows to destroy Russia's S-300 in Syria in case of danger
Israel vows to destroy Russia's S-300 in Syria in case of danger
Putin to sign new decree to spend ten trillion rubles on social needs
UN to say amen to aggression against Syria
Russian Navy admiral says Russia will torpedo US warships, if need be
Putin to sign new decree to spend ten trillion rubles on social needs
Russian Navy admiral says Russia will torpedo US warships, if need be
Putin to sign new decree to spend ten trillion rubles on social needs
Russian Navy admiral says Russia will torpedo US warships, if need be
Putin to sign new decree to spend ten trillion rubles on social needs
Putin to sign new decree to spend ten trillion rubles on social needs
Israel can learn many lessons with the help of Russia's S-300 air defence systems in Syria
UN to say amen to aggression against Syria