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CCP Reports Gross Revenue of R$ 25.6 Million in 2Q08

Tue Aug 5, 2008 8:55pm EDT
 
EBITDA in 2Q08 totals R$ 20.3 million with margin of 81.7%

SAO PAULO, Brazil, Aug. 5 /PRNewswire-FirstCall/ -- Cyrela Commercial
Properties S.A. Empreendimentos e Participacoes (Bovespa: CCPR3), one of the
leading commercial property investment and leasing companies in Brazil,
announces its results for the second quarter of 2008.

    2Q08 Highlights

    Net Revenue                            R$ 24.88 million
    Gross Profit                           R$ 22.30 million
    Gross Margin                           89.6%
    EBITDA                                 R$ 20.31 million
    EBITDA Margin                          81.7%
    NOI                                    R$ 23.94 million
    NOI Margin                             96.2%
    FFO                                    R$ 10.44 million
    FFO Margin                             42.0%
    Net Income                             R$ 8.27 million
    Net Margin                             33.2%


                         2Q08 Results Conference Call
                          Wednesday, August 6, 2008

    English Conference Call                  Portuguese Conference Call
    11:00 a.m. (US EDT)                      09:00 a.m. (US EDT)
    Phone: +1 (412) 858-4600                 Phone: +55 (11) 2188-0188
    Code: CCP                                Code: CCP
    Replay: +1 (412) 317 0088                Replay: +55 (11) 2188-0188
    Code: 6024#                              Code: CCP

SOURCE  Cyrela Commercial Properties S.A. Empreendimentos e Participacoes

Investor Relations, Cyrela Commercial Properties, +55 (11) 3018-7601,
ri@ccpsa.com.br


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