CCP Reports Net Income Growth of 24.0% in 9M10
Net margin of 41.9% and NOI margin of 95.3% Adjusted EBITDA of R$91.0 million in 9M10, with margin of 83.6%
SAO PAULO, Nov. 4, 2010 /PRNewswire-FirstCall/ -- Cyrela Commercial Properties S.A. Empreendimentos e Participaçoes (Bovespa: CCPR3), one of the leading commercial property investment and leasing companies in Brazil, announces its results for the Third Quarter and Nine-month Period of 2010.
9M10 Highlights |
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Net Revenue |
R$ 115.42 million |
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Gross Profit |
R$ 98.04 million |
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Gross Margin |
84.9% |
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EBITDA |
R$ 92.44 million |
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EBITDA Margin |
80.1% |
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Adjusted EBITDA |
R$ 91.02 million |
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Adjusted EBITDA Margin |
83.6% |
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NOI |
R$ 97.05 million |
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NOI Margin |
95.3% |
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FFO |
R$ 54.87 million |
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FFO Margin |
47.5% |
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Net Income |
R$ 48.40 million |
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Net Margin |
41.9% |
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3Q10 Results Conference Call |
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Friday, November 5, 2010 |
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English Conference Call |
Portuguese Conference Call |
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For further information, please contact: |
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Investor Relations - Cyrela Commercial Properties |
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Phone: +55 (11) 3018-7601 |
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e-mail: [email protected] |
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About Cyrela Commercial Properties:
CCP is one of the leading commercial property investment and leasing companies in Brazil, with a focus on the development and acquisition for lease of high-end corporate towers, shopping malls, warehouses and distribution centers. The Company also pursues opportunities to purchase, sell and resell commercial properties that, based on its experience and knowledge of the commercial real estate market, offer the potential for gains. Currently, it has a 192.6 thousand sq.m leasable area, plus a further 285.3 thousand sq.m under development for delivery in the coming years.
SOURCE Cyrela Commerical Properties S.A.
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