Monday, March 16, 2009
EZTEC S.A. announces today its results for 2008.
Highlights
-- In fiscal year 2008, EZTEC's Net Revenue was R$334.0 million, growing 81.2% in relation to 2007.
-- Gross Income in the fiscal year was R$160.2 million, up 70.3% versus 2007, for gross margin of 48.0%.
-- EBITDA in 2008 was R$77.8 million, an increase of 332.0% in relation to 2007, for EBITDA margin of 23.3%.
-- In 2008, Net Income was R$102.2 million, 213.1% higher than in 2007, for net margin of 30.6%.
-- Net Cash closed 2008 at R$175.4 million, while performed receivables from real estate developments totaled R$91.8 million.
-- Launch in 4Q08 of the Chacara Sant'Anna development located in the city of Sao Paulo, with own potential sales (PSV) of R$67.1 million. At the close of 4Q08, 51% of the project's units were sold, with an average unit price of approximately R$1 million.
-- EZTEC's share of Contracted Sales totaled R$357.9 million, up 2.2% versus 2007.
-- On December 31, 2008, EZTEC's land bank was worth R$3.4 billion in own PSV. The average land bank acquisition cost is 8.8% of PSV.
About EZTEC
With a 30-year history, EZTEC is one of the most profitable publicly held companies within the Brazilian real estate industry. Through its entirely integrated business model, the Company has already launched 51 projects, totaling 1.1 million square meters including built area and area under construction, and 8,609 units. EZTEC S.A. is listed on the Bovespa's Novo Mercado segment under the ticker EZTC3.
Website: http://www.eztec.com.br/ir/ posted by Avoid foreclosure, We buy houses, Stop foreclosure
@ 1:39 AM
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