Mercado Libre profit rises in Q2

05 Aug 2015
After seeing its net income plummet in Q1 to $1.7 million, mainly as a result of a strong devaluation that hit the Venezuelan bolivar, MercadoLibre (Nasdaq: MELI) seems to have recovered well from a difficult quarter by posting a $19.5 million net income in Q2.

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Léo Siqueira

Léo Siqueira joined the AIM Group in 2014 as writer and analyst for Latin America. He is a multimedia journalist based in, but not limited to Campinas, Sao Paulo. Siqueira has been writing, reporting, and consulting for different news outlets and corporations in Brazil and in the US. Siqueira has worked for almost three years as a correspondent in Brazil with ICIS, the world’s largest information provider for the global petrochemical industry, and has been working with other global publishers, such as USA TODAY and His expertise includes general news coverage, online, print and multimedia journalism, and corporate communications as well. In this particular area, he has been working with international clients.