News

Brasil Brokers announces its 2Q09 results

Rio de Janeiro, August 13, 2009. Brasil Brokers Participações S.A. (Bovespa: BBRK3), a real estate brokerage and consulting firm with a strong presence in Brazil’s major real estate markets, today announces its results for the second quarter of 2009 (2Q09).

The Company’s consolidated financial statements are prepared in accordance with generally accepted accounting principles in Brazil (BR GAAP), pursuant to Brazilian Corporate Law and the regulations of the Securities and Exchange Commission of Brazil (CVM).

2Q09 Highlights

  • Contracted sales in 2Q09 totaled R$ 2.8 billion. A total of 14,642 units were sold in the quarter;
  • Contracted sales in 1H09 totaled R$ 4.9 billion, with a total of 25,746 units sold.
  • Contracted sales in 2Q09 were 33% up on 1Q09.
  • Contracted Sales in the secondary market came to R$ 460million, 19% up on 1Q09;
  • Adjusted EBITDA margin rose 27% to reach 37% in 2Q09, a 10 p.p. increase over 1Q09;
  • 116% growth in adjusted net income over 1Q09.

For further information, click here.