Launches for 2012 are expected to be between R$2.7 and R$3.3 billion, reflecting the new more targeted regional focus and the deliberate slowdown of the Tenda business. Gafisa should represent 50%, Tenda 10% and AlphaVille 40% of launches. For the first quarter of 2012, the Gafisa Group already launched R$400 million.
The Gafisa Group plans to deliver between 22,000 and 26,000 units in 2012 broken down by 30% Gafisa, 50% Tenda and 20% AlphaVille. During the first quarter of 2012, the Company delivered 6,000 units and transferred 2,500 Tenda units to financial institutions.
Finally, the Company expects to generate between R$ 500 million and R$700 million in operating cash flow for the full year of 2012. At March 31, 2012, the Company had approximately R$900 million in cash and cash equivalents.
PRELIMINARY UNAUDITED CONSOLIDATED INCOME STATEMENT
|Net Operating Revenue||2.788.559||3.720.860||-25%|
|Net Interest Income||-159.903||-82.118||95%|
|Income After Taxes||-1.053.484||439.980||-339%|
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