Direcional Engenharia S.A. Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2018
November 08, 2018 at 05:51 pm EST
Share
Direcional Engenharia S.A. Announced consolidated earnings results for the third quarter and nine months ended September 30, 2018. For the third quarter, the company announced operating revenue was BRL 309,919,000 compared to BRL 201,245,000 a year ago. Operating loss was BRL 161,066,000 compared to BRL 39,955,000 a year ago. Loss before Income and social contribution taxes was BRL 80,100,000 compared to BRL 24,573,000 a year ago. Net loss was BRL 11,582,000 compared to BRL 29,390,000 a year ago.
For the nine months, the company announced operating revenue was BRL 772,977,000 compared to BRL 582,282,000 a year ago. Operating loss was BRL 268,546,000 compared to BRL 124,534,000 a year ago. Loss before Income and social contribution taxes was BRL 77,182,000 compared to BRL 65,102,000 a year ago. Net loss was BRL 83,821,000 compared to BRL 29,390,000 a year ago. Net loss was BRL 289,000 compared to BRL 81.897 million a year ago.
Direcional Engenharia SA is a Brazil-based company engaged in the residential real estate sector. The Company focuses on development and construction of residential housing projects, targeting the low-income segment. It mainly builds multifamily homes that form a residential district. The Company develops its activities through special partnerships (SCPs) and special purpose entities (SPEs), which are active exclusively in the real estate sector. It operates in the states of Rio de Janeiro, Sao Paulo, Rio Grande do Sul, Minas Gerais, Para and Amazonas, among others, Brazil. The Company owns numerous subsidiaries, such as Direcional Taguatinga Engenharia Ltda, Ametista Empreendimentos Imobiliarios Ltda and Malaquita Empreendimentos Imobiliarios Ltda.
DIRECIONAL ENGENHARIA S.A. 
