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Brazil's Gafisa says launches fall, sales rise in Q4
January 22, 2015 / 9:58 PM / 3 years ago

Brazil's Gafisa says launches fall, sales rise in Q4

SAO PAULO, Jan 22 (Reuters) - Brazilian homebuilder Gafisa SA said on Thursday its launches of new projects fell by 69 percent in the fourth quarter from a year ago to 241.5 million reais ($94 million).

Contracted sales in the final quarter of 2014 grew 32 percent to 303.9 million reais, the company said in a statement.

Company shares closed trading up 4 percent on the Sao Paulo exchange at 2.17 reais.

Reporting by Reese Ewing; Editing by Meredith Mazzilli

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