Helbor's net profit rises 21% in 4th Qtr of 2012

Helbor recorded improvement of net income and most of the banks in the fourth quarter of 2012, as compared to the same period in 2011. Net profit rose by 20.8% to r $ 67,94 million. The expansion occurred in the proportion above the growth of 7% of net revenues, to $ 366,6 million. The net margin increased from 16.4% to 18.5%.
Gross profit had increased from 17.9% to r $ 116,554 million. Gross margin grew from 28.8% in the fourth quarter of 2011, to 31.8% in the last quarter of last year. The cash generation as measured by Ebitda was discharged from 7.5% to r $ 84,73 million. The Ebitda margin increased from 22.9% to 23.1%.
In the fourth quarter, R $ 711,37 million, launched Helbor value 6.9% lower than the same period in 2011. Second Helbor, its structure with low fixed costs makes it possible, even if it is necessary to reduce releases, expenditure to be diluted without compromising profitability.
Contracted sales had fallen 29.7% in the quarter, to $ 395,01 million.
Unearned results margin fell from 38.9% in the fourth quarter of 2011, to 36.9% in the last three months of 2012.
Helbor generated r $ 20.6 million cash in the fourth quarter of 2012. For this generation, contributed r $ 280 million deliveries in September and October. Year to date, however, there was consumption of R $ 32,753 million box, excluding dividends that were paid in the second quarter.
The large volume of deliveries scheduled for the coming quarters will contribute to the cash generation, according to the company.
In the fourth quarter, the net debt of Helbor grew 19.2%, compared to the same period last year, to $ 643,35 million. This value includes the financing carried out along the lines of the housing finance system (SFH). The relationship between net debt and shareholders ' equity fell from 63.8% in the last quarter of 2011, to 62%.
The ROE (return on equity) of the last 12 months increased from 27.6% in the fourth quarter of 2011, to 28.9%. The annualised return on already increased from 26.4% to 26%, on the same basis of comparison.