Living
Real Estate - Sao Paulo, Sao Paulo, Brazil
Living Details
R$ 157 million Net Income: 56% higher than 1Q09 and 67% higher than 2Q08 Increase in sales speed for all income segments: pre-crisis levels Lower interest rate in 50 years will be positive for the activity in the mid-high segments Housing Program “Minha Casa, Minha Vida” One thousand units launched out of more than 10 thousand units already approved by CEF 1st contract of the Housing Program “Minha Casa, Minha Vida” with Banco do Brasil 70% sold in the month of launch Goldsztein`s acquisition completed after approval on Shareholders’ Meeting held on June 2009 Board of Directors approved R$ 350 million loan due in 5 years Clearer perspectives of the market allow Cyrela to announce guidance for 2009 and 2010 Guidance for 2009 Sales and launches: between R$ 4.6 and R$ 5.1 billion (Cyrela’s share: 70% to 75%) Guidance for 2010 Launches between R$ 6.9 and R$ 7.7 billion (Cyrela’s share: 73% to 77%) Sales between R$ 6.2 and R$ 6.9 billion (Cyrela’s share: 73% to 77%)
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