Stoneco (STNE) has released an update.
StoneCo Ltd. has reported a robust financial performance for the fourth quarter and full fiscal year of 2023, with a 132% increase in Adjusted EBT and a 177% rise in Adjusted Net Income compared to the previous year. The company’s CEO highlighted StoneCo’s strong market position, strategic milestones, and initiatives aimed at enhancing operational efficiency and profitability. Despite facing challenges, StoneCo has made significant progress in diversifying its offerings beyond payments and is poised for future growth.
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