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Tecnisa Announces 2Q08 Results

2008-08-14 06:00:00

    SAO PAULO, Brazil, Aug. 14 /EMWNews/ -- Tecnisa (Bovespa:

TCSA3), one of the largest and most renowned real estate companies in

Brazil, announces today its second quarter 2008 (2Q08) results.

    -- 61% of 1H08 launches sold;

    -- Net Revenue Growth of 79%;

    -- Net Margin of 17.6%;

    -- Launches: We launched 6 projects in the second quarter of 2008, with

a joint potential sales value (PSV) of R$399.3 million, Tecnisa's interest

being R$309.9 million. Consequently, we closed the first half with total

launches of R$643.6 million, Tecnisa's interest being R$537.1 million, 365%

up on the first six months of 2007;

    -- Consumidor Moderno Award: In May 2008, Consumidor Moderno magazine

elected Tecnisa as the best company in the real estate sector in customer

relations. In 5 editions of the award, Tecnisa has come top in its sector

on each occasion;

    -- Rating: Tecnisa received a brA-credit risk rating from Standard &

Poors, reflecting the Company's relevant market share in the metropolitan

region of Sao Paulo, the high quality of its developments and the

exceptionally healthy state of Brazil's real estate market.

    The full earnings release is available on the Company's IR website at

    Tecnisa will be hosting conference calls on August 14, 2008, Thursday,

at 10:00 a.m. US ET in English and 11:00 a.m. US ET. Further connecting

details are available on the Company's IR website at

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