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Thursday, February 17, 2011

Brazil BM&FBovespa posts Q4 net profit of $157 mln

BM&FBovespa (BVMF3.SA), the operator of Brazil's biggest financial exchange, posted on Thursday fourth-quarter net income of 261.5 million reais ($157.4 million), compared with 220.2 million reais in the same period of 2009. The Sao Paulo-based company was expected to post a profit of 255 million reais, according to the average forecast of six analysts in a Reuters poll. ($1=1.661 reais) (Reporting by Cesar Bianconi; Writing by Ana Nicolaci da Costa; Editing by Tim Dobbyn)

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