Total Contracted Sales increase 20% totaling R$ 1.01 billion.
Total Launches reaches R$ 1.00 billion, 39% growth.
São Paulo, April 13, 2011 – Rossi (BM&FBovespa: RSID3; OTC: RSRZY), one of Brazil’s leading residential real estate developers, announces preliminary data for launches and contracted sales in the first quarter of 2011. The figures are subject to audit revision.
1Q11 highlights
Total launches of R$ 1.00 billion (R$ 752 million Rossi’s share), up 39% from 1Q10
Total contracted sales of R$ 1.01 billion (R$ 758 million Rossi’s share,) up 20% from 1Q10
Sales-over-supply ratio (SOS) of 25%
Economic Segment amounted 50% of the units launched and 30% of total PSV.
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Investor Relations:
Cássio Audi
CFO and IRO
Adriana Godinho
IR Manager
Phone: +55 (11) 4058-2500
ri@rossiresidencial.com.br
About Rossi
Rossi completed its 30th Anniversary in 2010, operating in 85 cities throughout Brazil and is one of the country’s leading residential real estate developers. It operates in various segments of the property development industry and its portfolio includes innumerous success stories in the residential and commercial segments, and across a wide range of income segments. Rossi is listed on the Novo Mercado special corporate governance segment of the São Paulo Stock Exchange (Bovespa) and trades under the stock ticker RSID3 and on the over-the-counter market under RSRZY.
For more information, go to www.rossiresidencial.com.br/ri
UPDATE: APRIL 13, 2011
