MRV raises profit in 4th tri, plans to launch more in 2019

SAO PAULO (Reuters)-the MRV, largest construction company of real estate, Latin America's economic plans to enlarge the launches in 2019, in addition to maintaining a double-digit growth in revenue, favoured by improvement of the economic environment in Brazil. "January is a month a little slower, with many people still coming back from vacation, but the year started well and pipeline (schedule) of the company's releases is robust," he said in an interview with Reuters the cochair of the Rafael company Menin citing signs of recovery of the brazilian economy. Earlier, the Brazilian Institute of geography and statistics (IBGE) released 1,1% expansion of the Brazilian gross domestic product (GDP) in 2018. " The trust is already a little better and other levers of the economy too. So our plan is to grow in all the metrics, "said Dr. Of releases planned for 2019, the MRV has 26000 units with license in 157 cities in which it operates. From October to December, the construction company had net profit of 191 million dollars, an increase of 5,8% compared to the previous year due to the advancement of revenue and expense dilution. Operational performance measured by earnings before interest, taxes, depreciation and amortization (Ebitda) amounted to 273 million reais, up 1,2% on a year before. The MRV still elevated in 11,5% the net operating revenue to 1.5 billion reais, while General and administrative expenses rose 4,4%, to 89 million reals. At the end of 2018, MRV had a total of about 2.4 billion reais, 21,5% less than in 2017. The total debt of the company totaled 2.86 billion reais. (By Gabriela Mello)