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Brazil's Cyrela Reports Q2 Net Profit Of 114 Million Reais
Cyrela Brazil Realty boosts home launches by 73 pct in third quarter
Cyrela to allocate 130 mln reais for reconstruction of resort, compensations
Cyrela Brazil Realty SA Empreendimentos e Participacoes is a Brazil-based company engaged in the real estate industry. The Company focuses on the construction, development, promotion and sale of residential real estate properties. Its activities are divided into three business segments: Real estate, Housing and Services. The Real estate division offers homes for high-income families. The Housing division provides homes for middle and low-income families. The Services division includes land subdivision and rendering of other real estate services. The Company develops residential projects independently and through joint venture partnerships. The Company operates through numerous subsidiaries in the domestic market.
Av. Brigadeiro Faria Lima
3600, Itaim Bibi
Chairman of the Board
Efraim Schmuel Horn
Co-Chief Executive Officer
Co-Chief Executive Officer
Rogerio Jonas Zylbersztajn
Vice-chairman of the Board of Directors and Executive Vice-President
Miguel Maia Mickelberg
Head of Controlling, Financial Planning, Accounting, Accounts Payable and Accounts Receivable
Price To Earnings (TTM)
Price To Sales (TTM)
Price To Book (MRQ)
Price To Cash Flow (TTM)
Total Debt To Equity (MRQ)
LT Debt To Equity (MRQ)
Return on Investment (TTM)
Return on Equity (TTM)
The board of Cyrela Brazil Realty SA Empreendimentos e Participacoes has approved a primary share offering, the property developer said on Monday in a securities filing.
Cyrela Brazil Realty SA , one of the largest homebuilders in Latin America, plans to launch more housing projects this year, Chief Financial Officer Miguel Maia Mickelberg said, despite a sluggish economy.
Latin America's two largest homebuilders struck an optimistic tone on Friday, saying profits should increase in coming quarters as key regulatory issues have been solved and Brazil's presidential election should not disrupt housing subsidy programs.
Cyrela Brazil Realty SA , one of Latin America's largest homebuilders, missed quarterly profit estimates on Thursday.
Cyrela Brazil Realty SA , one of Latin America's largest homebuilders, reported a strong jump in new home launches and contracted sales in the second quarter, as Brazil's real estate market continues to pick up steam.
Cyrela Brazil Realty SA , one of Latin America's largest homebuilders, is raising up to 150 million reais ($39 million) for an internal start-up that will extend home equity loans to Brazilians, an executive said.
Cyrela Brazil Realty SA , one of Latin America's largest homebuilders, on Thursday posted a deeper loss than expected in the first quarter, despite a fall in costs.
Cyrela Brazil Realty SA , Latin America's largest homebuilder, reported a steep rise in contracted sales in the first quarter, and a sharp drop in new project launches, in line with recent trends at the upscale developer and its peers.
Cyrela Brazil Realty SA , Latin America's largest homebuilder, beat fourth-quarter profit estimates on Thursday, as the company began more aggressively liquidating its extensive land bank.
Cyrela Brazil Realty SA , Latin America's largest homebuilder, beat fourth quarter profit estimates on Thursday, as the company began more aggressively liquidating its extensive land bank.
Sales at Cyrela Brazil Realty SA rose sharply in the fourth quarter while the volume of project launches remained roughly flat, the company said late on Wednesday, as the upscale developer benefits from a real estate rebound in Brazil.
(The following statement was released by the rating agency) RIO DE JANEIRO, December 01 (Fitch) Fitch Ratings has affirmed Cyrela Brazil Realty S.A. Empreendimentos e Participacoes' (Cyrela) Foreign and Local Currency Issuer Default Ratings (IDR) at 'BB-'. At the same time...
Brazilian homebuilder Cyrela Brazil Realty SA on Thursday reported a third-quarter net loss of 6.8 million reais ($2.1 million), down from net income of 14.4 million reais in the same period of 2016, according to a securities filing.
Brazilian homebuilder Cyrela Brazil Realty SA on Thursday reported a net loss of 141 million reais ($44 million) in the second quarter, compared with net income of 45 million reais a year earlier, according to a securities filing.
* SAID ON MONDAY IT SIGNED AGREEMENT WITH CONDOMINIUM OWNERS OF GRAND PARC RESIDENTIAL RESORT TO RECONSTRUCT DAMAGED EXTERNAL LEISURE AREA AND TO PAY COMPENSATIONS, WHICH WILL COST ABOUT 130 MILLION REAIS OVER A PERIOD OF TWO YEARS
Brazil's largest homebuilder Cyrela Brazil Realty SA said on Thursday it missed profit estimates in the first quarter, as home sales fell and cancellations remained high.
Homebuilder MRV Engenharia SA on Monday reported a rise in first-quarter net sales and record housing starts, helped by slowing sales cancellations as management declared a turning point after years of economic crisis in Brazil.
Cyrela Brazil Realty SA, Brazil's largest homebuilder, beat fourth-quarter profit estimates and showed significantly improved cash flow on Thursday, despite a surge in sales cancellations in the recession-hit country.
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