Second Quarter Earnings Rise AtMasterCard

August 10, 2005, 1:00 a.m. EDT 1 Min Read

PURCHASE, N.Y. - (08/10/05) -- MasterCard Inc. reportedsecond-quarter net income of $120 million, up 82% from the samethree-month period last year. Revenues grew 19% to $772 millioncompared with 2004's second quarter. The card company attributedthe growth in its revenue to a 12% increase in gross dollar volume,to $408.4 billion. For the first six months of the year revenuesgrew 15% to $1.4 billion; while net income rose 53%, compared tothe first half last year, to $213.5 million, or $2.14 ashare.

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