Contracted Sales reach R$338.6 million in 2007, with R$188 million in the 4Q07, a...
Contracted Sales reach R$338.6 million in 2007, with R$188 million in the
4Q07, a 336% growth in the quarter
SAO PAULO, Brazil, March 13 /PRNewswire-FirstCall/ -- TRISUL S.A.
(Sao Paulo Stock Exchange: TRIS3) was incorporated in April 2007 as the result
of the merger between Tricury and Incosul. Both companies were founded in the
late 70's, and are two of the most traditional real estate developers and
builders in the Sao Paulo metropolitan area. Today, the company announces its
financial results for the fourth quarter of 2007 (4Q07).
HIGHLIGHTS
-- In 2007, the Company launched 19 projects, with a Total PSV of R$943.2
million, of which R$621.9 million is our share. In the 4Q07, the
Company launched 13 projects, with a total PSV of R$517.7 million and
3,534 units, of which 2,025 are Trisul life (Low Income) units.
-- Total Contracted Sales in 2007 reached R$578.5 million, of which
R$338.6 million is our share, registering a 130% growth compared to
2006. In the 4Q07, Trisul Contracted Sales reached R$188 million, a
336% growth vs. 4Q06.
-- Net Revenue totaled R$215.8 million in 2007, showing an 88% increase
over 2006. In the 4Q07, Net Revenue grew by 152%, totaling R$75.5
million.
-- Adjusted EBITDA in 2007 reached R$51.4 million, a growth of 72% vs.
2006 with margin of 23.8%. In the 4Q07 adjusted EBITDA reached R$13.3
million, a growth of 187% vs. 4Q06 and margin of 17.6%.
-- In 2007, Adjusted Net Income totaled R$41.5 million, with a net margin
of 19.2%. Adjusted Net Income in the 4Q07 totaled R$14.1 million,
registering a growth of 351% vs. 4Q07 and net margin of 18.6%.
-- The Landbank in 2007 corresponds to a Trisul PSV of R$3.5 billion, of
which R$2.6 billion are in the Low Income segment represented by the
Trisul life product, according to the Company's expertise and strategy.
2007 Results Conference Call
English
Date: March 14, 2008
Time: 9:00 a.m. (US-EDT)
10:00 a.m. (Brasilia)
Phone: +1 (973) 935-8893
Replay: +1 (706) 645-9291
Access code: 36151036
Portuguese Date:
March 14, 2008
Time: 11:00 a.m. (US-EDT)
12:00 p.m. (Brasilia)
Phone: +55 (11) 2188-0188
Replay: +55 (11) 2188-0188
Access code: Trisul
For further information, please visit the IR website:
www.trisul-sa.com.br/ir.
SOURCE TRISUL S.A.
INVESTOR RELATIONS CONTACT, Rebeca Ouro-Preto, IR Officer, +11-3147-0070,
ri@trisul-sa.com.br, or Priscilla Castro, IR Officer, +11-3147-0134, or
Leandro Esteves, Press Advisory, +11-3862-0110, leandro@abce.com.br
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