Gafisa S.A. (GFA) reported full year net loss of R$1.1 billion compared with a profit of R$416.1 million last year and was principally impacted by adjustments totaling R$889.5 million (31% from Gafisa and 69% from Tenda).
Net revenue was R$2.8 billion, 25.1% below the last year's R$3.7 billion net revenues as a result of R$1.2 billion in revenue reversals related to the adjustments, R$1.0 billion coming from Tenda and remaining attributed to the Gafisa segment.
Project launches in 2011 totaled R$3.5 billion reflecting the strategic slowdown of launches at Tenda. The Gafisa segment represented 61%, AlphaVille comprised 28% and Tenda, 11% of total launches.
Looking ahead to 2012, Launches are expected to be between R$2.7 and R$3.3 billion, reflecting the new more targeted regional focus and the deliberate slowdown of the Tenda business. Gafisa should represent 50%, Tenda 10% and AlphaVille 40% of launches.
The Gafisa Group plans to deliver between 22,000 and 26,000 units in 2012 broken down by 30% Gafisa, 50% Tenda and 20% AlphaVille.
The company expects to generate between R$ 500 million and R$700 million in operating cash flow for the full year of 2012.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.