HELBOR EMPREENDIMENTOS S.A. Reports 2Q13 and 1H13 Earnings

Net Income totals R$83 million in 2Q13, 59% up on 1Q13

Aug 13, 2013, 18:40 ET from HELBOR EMPREENDIMENTOS S.A.

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