STXNEWS LATAM-Brazil homebuilder Cyrela has launches, sales drop in 2nd-qtr

lunes 14 de julio de 2014 18:52 GYT

Cyrela Brazil Realty SA, Brazil's biggest homebuilder, launched 890 million reais ($402.7 million) worth of new projects in the second quarter, down 49.5 percent from the same period a year earlier, according to a securities filing late Monday.

Sales in the quarter totaled 1.26 billion reais, a 42.3 percent decline from the same period in 2013, the filing said.

($1 = 2.21 Brazilian reais)