Caixa Econômica Federal recorded a net book profit of R$ 1.89 billion (US$ 349m) in the third quarter, a value that represents a fall of 76.4% compared to the same period last year (R$ 8.026 billion - US$ 1.48bn), according to the balance sheet released this Wednesday (25). In comparison with the result of the second quarter of 2020 (R$ 2.6 billion – US$ 480m), the decrease was 26.1%.
The bank's adjusted net income, which excludes extraordinary items, was R$ 2.6 billion (US$ 480m) in 3Q, with growth of 1.7% in relation to 2Q, but a drop of 67.1% in relation to the third quarter of last year. From January to September, it totaled R$ 8.3 billion (US$ 1.53bn), down 48.6% compared to the same period in 2019.
From January to September 2019, the collection with lotteries totaled R$ 12.1 billion (US$ 2.23 bn), up 22.7% compared to R$ 9.87 billion (US$ 1.82bn) in the same period in 2019. In 2020, and with the pandemic as a context, the drop in revenue was only R$ 210 million (US$ 38.7m) (-1.65%).
Source: GMB
