Gafisa SA (GFA.N)
27 Feb 2015
RIO DE JANEIRO, Feb 27 - Net income at Brazil's Gafisa SA slid nearly 100 percent in the fourth quarter as sales fell, costs rose and the middle and low-income homebuilder had to do without a one-time, year-earlier gain, the company said in a statement late Friday.
SAO PAULO, Feb 2 - Brazilian homebuilder Gafisa SA on Monday approved a plan to spend up to 437 million reais ($160 million) buying back up to 27 million shares in a bid to help reverse two years of stock declines.
SAO PAULO, Jan 22 - Brazilian homebuilder Gafisa SA said on Thursday its launches of new projects fell by 69 percent in the fourth quarter from a year ago to 241.5 million reais ($94 million).
* Spanish regulator CNMV says A.Y.U.S.P.E. Empreendimentos e Participações S.A. has launched tender offer for delisting of Grupo Tavex
SAO PAULO, Dec 4 - Brazilian homebuilder Gafisa SA should see negative free cash flow in its low-income Tenda unit in 2015 as the company launches more new projects, Tenda's Chief Financial Officer Felipe Cohen said at an investor event on Thursday. (Reporting by Asher Levine)
SAO PAULO, Dec 3 - The board of Brazilian homebuilder Gafisa SA on Wednesday approved the buyback of an additional 13.95 million shares, according to a securities filing.
SAO PAULO, Nov 12 - Brazilian homebuilder MRV Engenharia e Participacoes SA beat profit expectations for the third quarter as strong demand for low-income housing helped offset a rise in cancellations.
SAO PAULO, Nov 10 - Tenda, the low-income division of Brazilian homebuilder Gafisa SA, expects sales cancellations to decline in 2015 as it delivers fewer of the less-profitable projects started in years past, Tenda Chief Financial Officer Felipe Cohen said on Monday.
SAO PAULO, Nov 7 - Brazilian homebuilder Gafisa SA posted a worse-than-expected third-quarter loss after profits at its middle-market division failed to make up for losses in its low-income unit.
Brazilian homebuilder Gafisa SA launched 142 percent more projects in the third quarter than in the year-earlier period while contracted sales dropped 31.9 percent on an annual basis. In a statement, the Sao Paulo-based company said consolidated launches in the second quarter totaled 510.4 million reais ($207 million) while contracted sales reached 230.8 million reais. (Editing by Lisa Shumaker)