July 12, 2018 / 10:05 PM / 5 months ago

Brazil's MRV reports rise in 2nd-quarter sales

SAO PAULO, July 12 (Reuters) - MRV Engenharia e Participações SA, Latin America’s largest homebuilder, reported on Thursday that its sales increased in the second quarter as Brazil’s real estate market continues to rebound despite a rocky few months for Latin America’s largest economy.

Contracted sales at MRV totaled 1.53 billion reais ($393 million) in the quarter, the company said in a securities filing. That represents an increase of 5.4 percent from the same period last year and 1.7 percent increase from the previous quarter.

$1 = 3.89 reais Reporting by Gram Slattery Editing by Leslie Adler

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