10 de noviembre de 2016 / 20:37 / hace 9 meses

Brazil homebuilder Cyrela suffers 90 pct drop in Q3 profit

SAO PAULO, Nov 10 (Reuters) - Brazil's largest homebuilder, Cyrela Brazil Realty SA, posted third-quarter net profit of 14 million reais, a 90 percent drop over the result a year ago, the company said in a securities filing on Thursday.

Earnings before interest, taxes, depreciation and amortization, a gauge of cash generation known as EBITDA, fell to 69 million reais, a drop of 68 percent compared with the same quarter a year earlier. (Reporting by Ana Mano; Editing by Jonathan Oatis)

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