Gafisa SA (GFA.N)
24 Oct 2014
|Market Cap (Mil.):||$464.92|
|Shares Outstanding (Mil.):||217.78|
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.
SAO PAULO, Aug 8 - Brazilian homebuilder Gafisa SA posted a small second-quarter loss, weighed down by the losses of its low-income Tenda division, as it made progress toward returning to profitability.
SAO PAULO, May 14 - Brazilian homebuilder MRV Engenharia e Participacoes SA missed profit expectations for the first quarter due in part to sales cancellations, although it managed to continue generating free cash flow while cutting debt.
SAO PAULO, May 12 - Brazilian homebuilder Gafisa SA posted a bigger-than-expected loss for the first quarter, weighed down by cancellations in its low-income Tenda division.