Trisul Announces 3Q07 Results
14 Novembre 2007 - 5:45AM
PR Newswire (US)
Net Revenue growing 62.1% reaching R$55.1 million Contracted Sales
rise 86% and Gross Margin reaches 44.7% SAO PAULO, Brazil, Nov. 13
/PRNewswire-FirstCall/ -- TRISUL S.A. (Sao Paulo Stock Exchange:
TRIS3) was incorporated in April 2007 as the result of the merger
between Tricury and Incosul. Both companies were founded in the
late 1970's and were two of the most traditional companies in the
real estate market in the Sao Paulo metropolitan area. -- Total
Contracted Sales for 3Q07 reached R$110.7 million, of which R$51
million was Trisul's stake, registering a growth of 86% when
compared to 3Q06. -- In 3Q07, Net Revenue was R$55.1 million,
showing a 62,1% increase over the same period '06 and in the first
9 months of the year, Net Revenue reached R$140.2 million, a growth
of 65.2% versus same period '06. -- Adjusted EBITDA in 3Q07 totaled
R$15.2 million, with EBITDA margin of 27.5%, while EBITDA for the
first 9 months of the year reached R$38 million, a growth of 50.6%
compared to 3Q06. -- 3Q07 Net Profit was R$9.9 million, with a net
margin of 18%. The adjusted net profit of R$11.1 million represents
a net margin of 20.1%. In the accumulated result, adjusted net
profit totaled R$27.4 million, a margin of 19.6%. -- On September
30, 2007, Trisul had a Landbank (stock of properties) with a Total
Potential Sales (VGV) of R$3.5 billion. Of this total, R$2.4
billion is allocated to the Low-Income market (Economic), through
our product named Trisul life, aligned with company expertise and
strategy. -- On October 15, 2007, Trisul shares began trading on
the Novo Mercado under the code TRIS3, with an initial issuance of
28,985,000 shares at the price of R$11.00 per share, totaling the
gross amount of R$318.8 million. -- From January till November 13,
2007 a total of 11 real estate developments were launched, totaling
a Trisul Potential Sales Value (VGV) of R$329.8 million with 2,424
units, of which R$223.3 million were launched in the last month,
after the IPO. -- Our first two developments under the brand name
Trisul life (economic product) were launched in November and with
great consumer acceptance. For further information, please access
our website http://www.trisul-sa.com.br/ir DATASOURCE: Trisul S.A.
CONTACT: Investor Relations, Rebeca Ouro-Preto, IR Officer, (55 11)
3147-0070, , or Priscilla Castro, IR Manager, (55 11) 3147-0134,
both of Trisul S.A.; or Press, Leandro Esteves, (55 11) 3862-0110,
, for Trisul S.A. Web site: http://www.trisul-sa.com.br/ir
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