August 9, 2018 / 10:40 AM / 4 months ago

Banco do Brasil beats profit estimates on lower provisions

SAO PAULO, Aug 9 (Reuters) - State-controlled Banco do Brasil SA on Thursday beat profit expectations helped by lower loan loss provisions.

Recurring net income, which excludes one-time items, rose 19.7 percent to 3.240 billion reais ($859 million), topping a consensus estimate compiled by Reuters by 3.8 percent.

$1 = 3.77 reais Reporting by Carolina Mandl; editing by Jason Neely

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