STXNEWS LATAM-Brazil's Gafisa project launches surge in third quarter

lunes 20 de octubre de 2014 20:10 GYT

Brazilian homebuilder Gafisa SA launched 142 percent more projects in the third quarter than in the year-earlier period while contracted sales dropped 31.9 percent on an annual basis. In a statement, the Sao Paulo-based company said consolidated launches in the second quarter totaled 510.4 million reais ($207 million) while contracted sales reached 230.8 million reais. (Editing by Lisa Shumaker)