Brazil's Cyrela sees cash strategy, expenses stable in 2015

viernes 20 de marzo de 2015 10:54 GYT
 

SAO PAULO, March 20 (Reuters) - Cyrela Brazil Realty SA , Brazil's largest homebuilder by market value, plans to maintain its current cash generation strategy in 2015 and expects to continue distributing funds to shareholders, potentially through dividend payments.

Speaking on a conference call with analysts to discuss fourth-quarter results, Chief Financial Officer Eric Alencar added that the company's general and administrative expenses were likely to stabilize in 2015. (Reporting by Asher Levine)