Banco Sofisa (Bovespa: SFSA4) posted a net profit of BRL$3,7M in 3Q11, down 84.2% compared to the same period in 2010. For the year, the result stayed positive at BRL$17M, down 72.1% over 9M10. Sofisa‘s profit was affected by lower revenues from credit operations, and treasury services.

Full earnings report (in English) can be downloaded here.

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