(Adds more CEO comments, context, share price)

By Carolina Mandl

SAO PAULO, Jan 29 (Reuters) – Brazil’s Cielo SA is targeting profit of between 2.3 billion reais and 2.6 billion reais ($612 million to $691 million) this year, down from 3.3 billion reais ($883 million) in 2018, the card processor said in a securities filing on Tuesday.

The company would currently rather grow or maintain its market share than seek profitability, Chief Executive Officer Paulo

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