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Visa profit falls 28 pct due to higher tax provision

Wednesday, 30 Oct 2013 | 4:19 PM ET

Oct 30 (Reuters) - Visa Inc, the world's largest credit card company, reported a 28 percent fall in quarterly profit due to higher income tax provision.

Net income attributable to Visa fell to $1.19 billion, or $1.85 per Class A share, from $1.66 billion, or $2.47, a year earlier.

Total operating revenue rose 9 percent to $2.97 billion.

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