16 de enero de 2017 / 20:45 / hace 9 meses

Brazil low-income homebuilder MRV says Q4 net revenue drops 1.6 pct

SAO PAULO, Jan 16 (Reuters) - Brazilian low-income homebuilder MRV Engenharia e Participacoes SA posted a 1.6 percent dip in fourth-quarter net revenue from a year earlier, according to a securities filing on Monday.

The company reported a 6.2 percent drop in gross sales, but a lower rate of sales cancellations eased the impact on net revenue, which totaled 1.008 billion reais ($311 million) in the quarter, the filing said.

$1 = 3.24 reais Reporting by Ana Mano; Editing by Alan Crosby

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