Rodobens Discloses Preliminary 1Q08 Operating Results
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- New quarterly sales record -
SAO JOSE DO RIO PRETO, Brazil, April 10 /PRNewswire-FirstCall/ -- Rodobens
Negocios Imobiliarios S.A. ("Rodobens", Bovespa: RDNI3) discloses selected
operating results for the 1st quarter of 2008 (1Q08). The results presented
below are subject to review by external audit. The full audited results are
scheduled to be released on May 7th.
Sales
-- Pre-sales Rodobens in the 1Q08 reached R$154 million (Rodobens' share
only), a new quarterly record, with growth of 360% over the 1Q07 and 7%
higher than the previous quarter (4Q07).
-- 2,092 residential units were sold (575% higher than 1Q07), of which 93%
from projects with average selling price lower than R$150,000
(Brazilian Reais).
-- Total Pre-sales in 1Q08, including the stakes owned by partners in the
Rodobens' projects, reached R$253 million, a growth of 309% over the
1Q07 and 21% higher than the previous quarter (4Q07). The share owned
by Rodobens in Total Pre-sales was 61%.
Project Launches
-- 1Q08 Project Launches totaled R$195 million, Rodobens' share only.
This amount represents a 490% growth over the 1Q07, and is equivalent
to 31% of the management's disclosed target of R$631 million for the
full year 2008.
-- 2,642 units were launched in the 1Q08, being 100% from projects with
average selling price lower than R$150,000 and targeted to homebuyers
with monthly income from 5 to 10 minimum wages (~R$2,000 to ~R$4,000).
The average selling price of projects launched was R$93,000.
-- 1Q08 Total Project Launches, including stakes owned by Rodobens'
partners in those projects, totaled R$244 million, with Rodobens' share
reaching 80% of that amount.
For more information:
Investor Relations
E-mail: ri-rni@rodobens.com.br
Tel.: 55-17-2137-1754/3/2
http://www.rodobens-rni.com.br/ir
Media Relations
MCE, Ms. Rita Mazzuchini
E-mail: ritamce@terra.com.br
Tel.: 55-11-2577-6533
Profile - Rodobens Negocios Imobiliarios is a real estate developer with
more than 16 years of experience. The company's focus is cities with more than
150,000 inhabitants in the interior of Brazil. Since its foundation in 1991,
the company launched 70 residential projects in 24 different cities of seven
Brazilian states (SP, MG, RJ, PR, RS, CE, MT). The projects launched total
16,742 units and 1,767,468m2 of built area. Its main products are Sistema
Facil, Terra Nova and Plano Unico. On January 31, 2007, Rodobens Negocios
Imobiliarios listed its shares on the Novo Mercado of the Sao Paulo Stock
Exchange under ticker symbol RDNI3. For more information, please visit our
website at http://www.rodobens-rni.com.br/ir .
Rodobens Negocios Imobiliarios is part of Empresas Rodobens, founded in
1949 and one of Brazil's 100 largest business conglomerates. With a strong
presence in the vehicle and real estate businesses, the group comprises auto
dealerships, truck and bus dealerships, consortium, insurance brokerage, auto
and truck rental, banking, e-commerce, real estate development, international
businesses, and corporate satellite TV.
SOURCE Rodobens Negocios Imobiliarios S.A.
Investor Relations, +011-55-17-2137-1754, 011-55-17-2137-1753,
011-55-17-2137-1752, ri-rni@rodobens.com.br; or Media Relations, MCE, Ms. Rita
Mazzuchini, +011-55-11-2577-6533, ritamce@terra.com.br
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