MasterCard has reported net revenue of $1.3 billion for the fourth quarter ended December 31, 2009, an increase of six percent, compared to $1.22 billion for the same period in 2008.
The company has posted a net income of $294m for the fourth quarter 2009, or $2.24 per diluted share, compared to $239.44m, or $1.83 per diluted share, for the comparable period in 2008. Operating income was $468.13m, compared to $462.35m for the comparable period in 2008.
For the full year ended December 31, 2009, the company has posted a net income of $1.46 billion, or $11.16 per diluted share, compared to net loss of $253.91m, or $1.94 per diluted share, for the year ago period. Net revenue was $5.09 billion, compared to $4.99 billion for the year ago period. Operating income was $2.26 billion, compared to operating loss of $534.5m for the year ago period.
Robert Selander, CEO of MasterCard, said: “In 2009 we took important steps to maintain MasterCard's bottom-line growth, and as a result delivered another quarter and year of solid financial results. We remained focused on the needs of our customers, and continued to add value amid a challenging economic environment.
“In the fourth quarter, we saw encouraging signs with regard to key aspects of our business as cross-border volumes increased and processed transactions continued to grow. Overall, we are very pleased with our performance, and we look forward to building on that momentum as the global economic climate continues to improve.”
Will the company continue same pace in 2010?
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