Brazil's Cyrela posts lower sales in 2nd qtr as launches increase

miércoles 15 de julio de 2015 17:30 GYT

SAO PAULO, July 15 (Reuters) - Brazilian homebuilder Cyrela Brazil Realty SA said on Wednesday that sales of new homes fell 35 percent to 814 million reais ($259.2 million) in the second quarter from a year ago.

The builder launched 1.07 billion reais worth of new projects in the second quarter, up 20 percent from the same period a year earlier.

($1 = 3.14 Brazilian reais) (Reporting by Asher Levine; Editing by Chris Reese)