0121 568 8793 [email protected]

Brazil homebuilder MRV to boost housing starts after hitting profit estimates

May 8 2018

MRV Engenharia e Participações SA, Latin America’s largest homebuilder by units sold, is planning to launch a new round of projects in the coming months.

 MRV have reported a first quarter net income of 160 million reais, up 22 percent from the same period last year.

The company also reported healthy margins, with earnings before interest, taxes, depreciation and amortization (EBITDA) coming in at 229 million reais, up some 44 percent from the same period a year ago.

MRV’s improving figures represent a large rebound in Brazilian real estate, Co-Chief Executive Officer Eduardo Fischer said real estate demand was strengthening and operational numbers at the homebuilder would continue to improve throughout 2018.

“We’re very optimistic about the rest of the year,” he said. “We’re seeing very strong demand for real estate.”

Share this:
Share this page via Email Share this page via Stumble Upon Share this page via Digg this Share this page via Facebook Share this page via Twitter

Chinese firm to build Steel Mill in Brazil under “Belt & Road” Initiative

A Chinese investment company intends to build an 8 million tonnes per year steel mill in Brazil for flat rolled steel under China’s “Belt & Road” initiative (BRI), its backers aim to commission the plant in 2025. The Beijing-based...

Read More

Stay up to date

Sign up to our monthly newsletter:

Email Address

By signing up to our newsletter you indicate your consent to receiving email marketing messages from us. If you do not want to receive such messages, tick here: 

You can opt out any time via the unsubscribe link at the bottom of our newsletter or click here