Mercado Libre (MELI) Q4 Revs Rise 73.9%, Net Income Up 188.5%
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Mercado Libre (NASDAQ: MELI) said Q4 revenue increases 73.9% to $26.9 million, $26.88 million. Q4 operating income margin increases to 27.1%. Net income increases 188.5% to $5.3 million.
Marcos Galperin, President and Chief Executive Officer of MercadoLibre, Inc. commented, "2007 was a year of significant achievements and milestones for MercadoLibre, the highlight of which was our successful transition to a publicly-traded company listed on The Nasdaq Stock Market in the United States. Throughout the year, we further strengthened our leadership position in e-commerce delivering strong operational and financial performance. Our robust performance continued into the fourth quarter as we delivered revenue growth of 73.9% and operating income margins of 27.1%. Growth rates were strong across all of our business units as well as all of our key geographies. Clearly, we are continuing to benefit from the positive growth trends influencing internet, broadband and PC penetration rates in Latin America, and we believe this course will persist for many years to come."
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