EZTEC S.A.: Operational Consistency increases Net Income to R$336.2 million in 2012
20 March 2013 - 1:08PM
PR Newswire (US)
SAO PAULO, March 19, 2013
/PRNewswire/ -- EZTEC S.A. (BOVESPA: EZTC3) celebrates its
34th anniversary as one of the most profitable builders and
developers in Brazil. The Company
announces its results for the fourth quarter of 2012 (4Q12).
OPERATING AND FINANCIAL HIGHLIGHTS
- Net Revenue reached R$799.5
million in 2012, up 7.4% from 2011.
- Gross Profit was R$414.5
million in 2012, up 10.3% from 2011, with Gross
Margin of 51.8%, (11.8 p.p. above our Guidance for the
year).
- EBITDA was R$311.1 million
in 2012, increase of 7.5% from 2011, for EBITDA Margin of
38.9%.
- Net Income was R$336.2
million in 2012, with Net Margin of 42.0%, 12.0 p.p. above
the Guidance for the year, representing Earnings per Share
of R$2.291 and Annualized ROE
of 24.0%.
- EZTEC kept its financial strength in 4Q12, ending the period
with Cash Equivalents and Financial Investments of
R$174.7 million. Excluding the Debt
of R$141.7 million (being exclusively
of SFH financing), the Company's Net Cash stood at
R$33.0 million, which was
complemented by Performed Receivables from real estate
projects of R$304.5 million, which
are available for securitization and yielding IGP-M + 12% p.a.
Conference Call in English
March 20th, 2013 – 11:00 a.m. (US EDT)
Webcast: http://webcast.mzvaluemonitor.com/Home/Login/899
Phone: +1 (412) 317-6776
For further information contact:
EZTEC S.A. - Investor
Relations
Phone: +55 (11) 5056-8313
E-mail: ri@eztec.com.br
www.eztec.com.br/ir
SOURCE EZTEC
Copyright 2013 PR Newswire
EZTEC ON (BOV:EZTC3)
Historical Stock Chart
From Sep 2024 to Oct 2024
EZTEC ON (BOV:EZTC3)
Historical Stock Chart
From Oct 2023 to Oct 2024
Real-Time news about Ez Tec Empreendimentos Participacoes Sa (Brazil Bovespa Exchange): 0 recent articles
More EZTEC News Articles