Cerela profit 23 % increased in the first quarter compared to the same period last yearTo 328 million dollars, according to the construction report of the construction company issued on Thursday (15).
On average, net net income is estimated at $ 358 million for the company in this period, according to LSEG.
Performance was supported by expansion from 24 % to a year in the net revenue of Cyrela, to $ 1.95 billion from January to March, while the average expectation in the market was two billion dollars, according to LSEG data. The total margin went from 31.4 % to 32.5 % on the same base.
The company had already announced last month the initial operation results for this period, which showed an increase of 34 % in sales, except for permits, on an annual base, and 183 % growth in the same comparison.
The total Cyrela sales in the first quarter amounted to $ 2.1 billion, while the total issues amounted to $ 3.4 billion, with the issuance of 18 projects, compared to 9 in the previous year.
The shares (ROE) during the past 12 months have been 20.9 %, a jump compared to a rate of 14.5 % calculated in the first quarter of 2024.
The company had a cash generation of $ 71 million per quarter45 % less than one year ago, while its net index with regard to net stock increased 0.5 percent to 9.3 %.
Despite the growth of operations, Cerela said in a message accompanying the balance that still monitors the development of the total economic scenario, “I realize that a greater complexity environment will require increased accurate decisions.”
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