HELBOR EMPREENDIMENTOS S.A. Reports 2Q13 and 1H13 Earnings Net Income totals R$83 million in 2Q13, 59% up on 1Q13

MOGI DAS CRUZES, Brazil, Aug. 13, 2013 /PRNewswire/ --


Total Potential Sales Value (PSV) Launched in 2Q13 stood at R$370.9 million and Helbor's PSV share totaled R$237.6 million. In 1H13, launches came to R$689.0 million in Total PSV and Helbor's PSV share totaled R$514.6 million, a 9.8% increase over 1H12.

Total Pre-Sales amounted to R$324.1 million in 2Q13, and Helbor's share reached R$254.9 million, increases of 14.9% and 8.0%, respectively, over 1Q13. In 1H13, pre-sales came to R$490.9 million (Helbor's share).

Net Operating Revenue remained virtually stable, totaling R$378.4 million in 1Q13, versus R$375.3 million in 1Q12.

The Sales over Supply Ratio (SoS), including Helbor's share, stood at 15.8% in the second quarter and 27.4% in 1H13.

In 2Q13, Deliveries totaled R$313.8 million (Total PSV) and R$273.7 million (Helbor's PSV share) at the time of launch.

Net Operating Revenue remained virtually flat, totaling R$454.4 million in 2Q13, versus R$456.1 million in 2Q12. In 1H13, Net Operating Revenue stood at R$832.8 million, a 0.2% increase over 1H12.

Gross Profit came to R$164.8 million in 2Q13, 6.0% up on 2Q12, with a Gross Margin of 36.3%. In 1H13, gross profit totaled R$290.4 million, remaining flat in comparison with 1H12, with a gross margin of 34.9%.

Net Income totaled R$83.1 million (earnings per share of R$0.3226) in 2Q13, 17.6% up on 2Q12, with a Net Margin of 18.3%. In 1H13, net income stood at R$135.3 million, with a net margin of 16.3%.

ROE in the last 12 months came to 26.3%, while quarterly annualized ROE stood at 29.0%. As a result, the Company retained its position as a sector benchmark for profitability on Shareholders' Equity for yet another quarter.

Cash Generation stood at R$14.1 million (ex-dividends) in 2Q13.

Conference Call
(In Portuguese with simultaneous translation into English)

Date: August 14, 2013
Time: 3:00 p.m. (Brasilia time)
          2:00 p.m. (NY time)
          6:00 p.m. (US EST)

Dial-in: +55 (11) 3127-4971 or +55 (11) 3728-5971
Code: Helbor
Webcast: Click here
+55 (11) 3127-4999
Code: 31701941

Dial-in: +1 (516) 300-1066
Code: Helbor
Webcast: Click here 
Replay: +55 (11) 3127-4999
Code: 50559625

Ricardo Garcia
+55 (11) 3174-1211
Mogi das Cruzes



More by this Source

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.


PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.

Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.