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Brazil's PagSeguro posts 29% growth in profit

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SAO PAULO (Reuters) - Brazilian financial technology company PagSeguro Digital reported a 29% growth in first quarter net income, supported by a strengthening customer base and revenue expansion.

The New York-listed company posted net profit of 350 million reais ($71.60 million), while its total revenue for the quarter grew 66% from the the previous year to 3.42 billion reais.

($1 = 4.8880 reais)

(Reporting by Aluisio Alves; Writing by Peter Frontini; Editing by Christian Plumb)