Brazil's Cyrela sales down 53 pct in first quarter vs yr ago
BRASILIA, April 14 (Reuters) - Brazilian homebuilder Cyrela Brazil Realty SA said on Tuesday that sales of houses and apartments fell 53 percent to 723 million reais ($235.94 million) in the first quarter from a year ago.
The builder launched 463 million reais worth of new projects in the first quarter, down 76 percent from the same period a year earlier.
($1 = 3.0644 Brazilian reais) (Reporting by Alonso Soto; Editing by Diane Craft)
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