Gafisa SA (GFA.N)
18 Dec 2014
|Market Cap (Mil.):||$305.02|
|Shares Outstanding (Mil.):||204.03|
* 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)
SAO PAULO, Aug 15 - Sales cancellations at Brazilian homebuilder MRV Engenharia e Participacoes SA will likely fall back to the level seen in the first quarter and remain there through the end of the year, co-Chief Executive Officer Eduardo Fischer said on Friday.
SAO PAULO, Aug 14 - Brazilian homebuilder MRV Engenharia e Participacoes SA beat profit expectations for the second quarter as demand for low-income housing remained robust while the negative impact from older, less profitable projects diminished.
SAO PAULO, Aug 11 - Brazilian homebuilder Gafisa SA plans to keep up the pace of new construction for its mid-market brand in the third quarter, with about 350 million reais ($154 million) worth of projects, Chief Executive Sandro Gamba said on a Monday earnings call.